Now I know as much as the next guy. And I do not like to be the bearer of bad news. However, I use a couple of fairly reliable indicators. Vpt volume price trend against fib Bollinger's. and the god mode. And this chart is the 3day chart. I have only witnessed the godmode give a short call on the 3day 4 times since 20k. and the VPT always tells the truth of distribution or accumulation in the end. So trade with caution. The levels in purple are the CPR central pivot range for the monthly levels. notice it is like a mirror. several months up... and now we struggle to hold our level at the end of the month. also notice the newest channel is very thin which suggests breaking... either way. Lets find out if its time or not. However, I have a feeling summer maybe be a bit grizzly. what are your thoughts?
no TA indicators can tell the truth with BTC simply because It is so heavily manipulated!
In the long run, we can expect a sideway pattern full of deep and spikes and very high volatility in general, that offers us great earn opportunity but only trading in intraday or even doing some very basic TA on very small time frames (MA,, FIB, short term supports and resistances) just because most of traders expect they works, so they could really work...
Forget any long term predictions, parabolic trends, disaster dumps or dreamy rallies...
Keep you ready to surf the "artificial wave"s created by Wales, and be quick to exit with profit whenever your balance is still green! This is the only strategy that worked for me.
trader-mate
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I mean, there are are so many good entry moments every day, so stay ready to settle decent earnings without holding too much, because a stop-loss always comes first!
In this market, easy money dreams and craving for greedy is the best strategy to keep losing money!
FindTheSun
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all the mom and pops who gonna sell all the stocks they got since march will want to buy something again, and if they see even a slight BTC run, they will FOMO and there will be another wave to 15 and 20K in the next few months, just wait for the stock market to tumble :D
In the long run, we can expect a sideway pattern full of deep and spikes and very high volatility in general, that offers us great earn opportunity but only trading in intraday or even doing some very basic TA on very small time frames (MA,, FIB, short term supports and resistances) just because most of traders expect they works, so they could really work...
Forget any long term predictions, parabolic trends, disaster dumps or dreamy rallies...
Keep you ready to surf the "artificial wave"s created by Wales, and be quick to exit with profit whenever your balance is still green! This is the only strategy that worked for me.