Since ATH diamond top pattern being formed, finally we've one on 4h chart!
Do check out the diamond pattern on your own (yea, it is messy and i don't need it on my chart to confuse myself)
Which you can easily notice it's existent on the following chart
16 Oct 21 - 15 Nov 21; Diamond Top; Daily Chart
22 Jan 22 - 27 Feb 22; Diamond Bottom; Daily Chart
Top and bottom, almost similar timeframe. Regardless all the recent black swan events and we're seeing it now.
So I've stop loss my shorting position and lose 20 ETH in total.
Btw, there is another tiny diamond pattern in 4h chart: 22 Feb 22 00:00 (UTC) - 28 Feb 22 08:00 (UTC)
Crypto fear & greed index back to 51 (Well, a bit high and growing too fast)
The rising wedge for ETH still in play but not for BTC, it's broken and creating a healthy ascending channel.
(BTC) The next resistant will be around 47000±600
(BTC) The next support will be around 39850±600
(ETH) The next resistant will be around 3200±80
(ETH) The next support will be around 2770±80
Currently, BTC/USDT is -36% from ATH whereas BTC/RUB is -16% from ATH
I'm using MA/EMA 64 (valid for Daily Chart) with a reason (experimental)
Let's assume cryptocurrency formed with $$ from the world, which consists of multiple timezone and stock markets.
Gann, Law of vibrations are made for stock markets and working well
In average the trading time for stock market is about 8 hours per market
So, cryptocurrency moving forward 3 times faster than traditional market.
Well, Let's see how it work. Good to learn something new and be bold to accept it anyway.
Yesterday just told my friends to buy in if the price go above MA64, and now he got a better price than mine.
FYI, MA21 actually much lower. Good to gets more confirmation before we enter the market. There're some space in between MA21 and MA64 though.
Note for myself:
Alright, let's "reset" my mood and be "neutral" in POV to the market. Stay humble!!
I'm not doing spot trading, which required higher level of mentality management and precision of position.
Keep it up! Cheers 🍻
Do check out the diamond pattern on your own (yea, it is messy and i don't need it on my chart to confuse myself)
Which you can easily notice it's existent on the following chart
16 Oct 21 - 15 Nov 21; Diamond Top; Daily Chart
22 Jan 22 - 27 Feb 22; Diamond Bottom; Daily Chart
Top and bottom, almost similar timeframe. Regardless all the recent black swan events and we're seeing it now.
So I've stop loss my shorting position and lose 20 ETH in total.
Btw, there is another tiny diamond pattern in 4h chart: 22 Feb 22 00:00 (UTC) - 28 Feb 22 08:00 (UTC)
Crypto fear & greed index back to 51 (Well, a bit high and growing too fast)
The rising wedge for ETH still in play but not for BTC, it's broken and creating a healthy ascending channel.
(BTC) The next resistant will be around 47000±600
(BTC) The next support will be around 39850±600
(ETH) The next resistant will be around 3200±80
(ETH) The next support will be around 2770±80
Currently, BTC/USDT is -36% from ATH whereas BTC/RUB is -16% from ATH
I'm using MA/EMA 64 (valid for Daily Chart) with a reason (experimental)
Let's assume cryptocurrency formed with $$ from the world, which consists of multiple timezone and stock markets.
Gann, Law of vibrations are made for stock markets and working well
In average the trading time for stock market is about 8 hours per market
So, cryptocurrency moving forward 3 times faster than traditional market.
Well, Let's see how it work. Good to learn something new and be bold to accept it anyway.
Yesterday just told my friends to buy in if the price go above MA64, and now he got a better price than mine.
FYI, MA21 actually much lower. Good to gets more confirmation before we enter the market. There're some space in between MA21 and MA64 though.
Note for myself:
Alright, let's "reset" my mood and be "neutral" in POV to the market. Stay humble!!
I'm not doing spot trading, which required higher level of mentality management and precision of position.
Keep it up! Cheers 🍻
