Well i have no idea why i broke the house rules my bad :) but if the admins would like to give me a msg and explain as i see people like 'MAGIC POOP CANNON' can do whatever he likes when they are out shilling :D..Seems strange but anyway here is my quick chart lots of things i need to do today so will try and update later. Wow these boards are strange here we have a nice 10/21/50 ema crossover that happen a few hours ago i did post but for some reason the admins took it down.Anyway here it is again adjusted its looking good and we are also seeing the 2hr chart show the same crossover but we need to wait a little longer for better confirmation.
Not sure why this did not go up the admins would like to explain it would be great things are looking good for now let's wait for further confirmation as you can clearly see on the (1hr) chart we have a nice 10/21/50 ema cross over this doesn't happen that often especially since we changed trend although we still have to wait for better confirmation could this be the change in trend we have been waiting for.
And even looking promising on the 2hr chart time will tell im still sitting on the fence but it is looking better than it was :) a lot of shilling going on on this place :D..Don't let others pursued you what to do with you btc and why is MGPC getting away with all kinds of stuff..The Shilling going on within this platform is disgusting stop the shills and stop promoting shilling on here new traders will lose a lot of money.
Good luck all not sure why my last post was taken down but Oi Oi !! will update in a few hours 10 /21 /50 Ema about to cross on the 2hr chart ??Time will tell wait for further confirmation.
Trade active
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I would say it failed but wait and check for yourself it may just be a small pullback and we could see another go tonight/tomorrow on the 45 minute chart the 10 ema has crossed over 21 ema and it looks like it did not hold on the 1hr chart
1hr chart looks to be going to cross also over the 10 ema over the 21 ema but also notice we are still above the 50 ema.??Wait for more confirmation.I just want to get this out fast..These lower time frames are unpredictable that is why i like to see it on the 4hr chart but also be aware it could be a trap or even low volume i want to take a closer look
Will update with more as soon as i get the time tonight still programing also.The weekend is not over and these are low time frames please remember that they are unpredictable but still can be highly profitable..Short term and also give good indication what is happening..
I still want to check many avenues people can decide for themselves what to do use your own TA also and check for any indication..
Trade active
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We have crossed over the 10 ema bearish crossover on the 50 ema now low time frame but still bearish crossover wait if you want for better confirmation. will wait for longer time frame confirmation and be aware it could be a trap. Volume is also very low.
I think we are going to see a lot of sideways movement around the $8000 - $8100 range..If we get that far which i think we will but that is my own personal opinion.
You can actually see the massive sell off so it was manipulated i would say :// all my own opinion remember !!Good
luck i will check the charts in the morning trying more methods im not so keen on point low time frame charts
which i have stated for a long time 4hr charts are a lot better and more reliable but if you are a day trader or looking
for change in trends then there is not much option but to use these indication methods.Until they can be confirmed
on a much longer time frame wish i had pro :D..
chase4fun2018
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That is why you don't put all your eggs in one basket we might have fallen out of the bottom of the trending
channel. i was waiting for it :D..Guys im personally waiting for more confirmations like i said, we need to
get past the 4hr chart with the EMA cross over not just the 1hr & 2 hr charts..Not to worry remember im
waiting for this too go to $7600 if the worst happens $7200 so its fine by me there is still one week end
day left i will look at the charts tonight and put some up see if i can spot a trend or see what is going
on, but not a big deal in my book..Will get back to you in a few hours and check the different time frames
and Macd / RSI :)..
I have seen this happen many many times we fall out the bottom of the trending channel only to find it
was a trap, especially on lowtime frames such as this..That is why i say wait for confirmation on a longer
time frame this does not mean we are changing trend or going full bearish or even that we are going to
carry on bullish.
I do not think for one second that was just ladder buying that created that pattern, but will definitely
have a look later and put some charts up.Remember im still learning with you guys :) im not perfect
and do not have a crystal ball. that is why i stay bearish / bullish depending on the market not my
ego..
$8995 seems like there is massive resistance / support it may hold out and that is why you are seeing
the market bounce back, every time a hard resistance is broken like this it can then act as our new
hard support it happens a lot .
Back soon.
chase4fun2018
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Keep an eye on the 2hr chart for the 10 ema crossing over the 50 ema if we do then check it on the 4hr chart
for better confirmation it looks like this is the trending channel we just bounced off the bottom of it again
and went green, all we have to do now is sit back and watch for a break out bearish/or bullish time will
tell keep an eye on the MACD / RSI and your indicators you normaly use.Looking good fingers crossed
people but always be cautious things can and will change in a blink of an eye..
I don't think we are seeing what we saw before in the charts this is not just ladder buying i believe its a
change in trend if the 4hr chart shows we have crossed the 10/21 ema i will be happy enough to go
medium bullish at least a test for the 9k range :)
chase4fun2018
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I cant follow any others may need to upgrade to pro sorry guys