The TOP SECRET Chart that the US Government is HIDING from you!
Hello dear crypto friends, hope you're doing fantastic with the last summer days! (at least for the ones in the Northern Hemisphere).
I have nothing against Clickbait headlines, since sometimes it is the only way to get the attention of the animalistic & reptilian human brain.
But what astonishes me is that, after clicking on such posts, there will be usually some sort of a sensationalist comparison, either between price action from before, or, even better, across sectors, where the example is taken only for the purpose of posting it, with almost zero value for your trading decisions.
Non-sensationalist, but trading-related posts, which are giving real value on the basis of technical analysis, are getting completely buried down by the mass of those posts, which the noobs are always gonna be choosing first to click on, because obviously, everyone wants to know the secret.
In the majority of the cases though, real time price action & pattern recognition can help you 10 times or even 100 times more in terms of probability & making informed decisions than some senseless comparisons.
So, what is behind our absolutely *top secret* door, that the US government and the CIA are hiding from you?
SURPRISE BLING BLING SURPRISE (Sirens running in the background wild):
It is the Monthly chart, and we have currently 2 Inside Bars going on:
=>What does it mean?
An inside bar is nothing else than an Equilibrium pattern, if you zoom into the chart. So for zooming in obviously we need to choose the Weekly chart:
=> Can we see the Equilibrium pattern? Absolutely: It goes from $11,5 to $9k psychological: This is the bottom that the bulls have to hold if they wanna see further continuation inside the Weekly Equilibrium.
If they lose this bottom though, we can see already the next important S&R (Support/Resistance) zone that is coming in at the $8k range with the VPVR volume indicator.
Zooming further into the Daily chart, we can currently see a nice & big Descending Triangle shaping up, which gives us clearly more information than if we were to just look at the Weekly or Monthly chart.
=> The support zone reaches from $9-9,5k: The bulls could basically fall down to $9k from the current 9,5k level and still see a bounce going on: We don't have to fall down to $8k immediately.
So how does the 4H chart look like, if we wanted to see more clarity?
=> Currently not very strong. The burden of proof is on the bulls: They have to clearly break above $9,700 and regain $10k psychological. Otherwise we'll eventually break this bottom.
Conclusion: Being able to read real time price action, which shows itself beautifully with all the candlesticks and patterns, is definitely gonna give you better information than some magic comparisons, which in 99% of the cases will never repeat.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
I have nothing against Clickbait headlines, since sometimes it is the only way to get the attention of the animalistic & reptilian human brain.
But what astonishes me is that, after clicking on such posts, there will be usually some sort of a sensationalist comparison, either between price action from before, or, even better, across sectors, where the example is taken only for the purpose of posting it, with almost zero value for your trading decisions.
Non-sensationalist, but trading-related posts, which are giving real value on the basis of technical analysis, are getting completely buried down by the mass of those posts, which the noobs are always gonna be choosing first to click on, because obviously, everyone wants to know the secret.
In the majority of the cases though, real time price action & pattern recognition can help you 10 times or even 100 times more in terms of probability & making informed decisions than some senseless comparisons.
So, what is behind our absolutely *top secret* door, that the US government and the CIA are hiding from you?
SURPRISE BLING BLING SURPRISE (Sirens running in the background wild):
It is the Monthly chart, and we have currently 2 Inside Bars going on:
=>What does it mean?
An inside bar is nothing else than an Equilibrium pattern, if you zoom into the chart. So for zooming in obviously we need to choose the Weekly chart:
=> Can we see the Equilibrium pattern? Absolutely: It goes from $11,5 to $9k psychological: This is the bottom that the bulls have to hold if they wanna see further continuation inside the Weekly Equilibrium.
If they lose this bottom though, we can see already the next important S&R (Support/Resistance) zone that is coming in at the $8k range with the VPVR volume indicator.
Zooming further into the Daily chart, we can currently see a nice & big Descending Triangle shaping up, which gives us clearly more information than if we were to just look at the Weekly or Monthly chart.
=> The support zone reaches from $9-9,5k: The bulls could basically fall down to $9k from the current 9,5k level and still see a bounce going on: We don't have to fall down to $8k immediately.
So how does the 4H chart look like, if we wanted to see more clarity?
=> Currently not very strong. The burden of proof is on the bulls: They have to clearly break above $9,700 and regain $10k psychological. Otherwise we'll eventually break this bottom.
Conclusion: Being able to read real time price action, which shows itself beautifully with all the candlesticks and patterns, is definitely gonna give you better information than some magic comparisons, which in 99% of the cases will never repeat.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Comment:
Btw, the real secret is: If this post gets to 100 likes, the aliens will break out of Area51, put you into a Lambo & fly with you to the moon. )) There, every participant will get the real Satoshi’s *secret* coins, which were never lost, but only waiting for you! obviously.
=> Exponential is never sustainable. It will correct, always.