Hi, long time no see, but I just need to jump back in. I see so many driving in the fog. Why are people always looking for the holly grail when we know, such thing does not exist. Instead, why don't you rather just focus on simple and easy to see signals. The ones I have drawn are the most simple
to do. As you can see, price moves and yes, IT Always moves between support and resistance lines. So, whatever you think, whatever you do, this could be a part of your vision where are we going next. Even if we brake on or two, maybe tree in a row, we always come back for a retest. I think my chart is simple enough to show you what I mean. And I can emphasize this enough, don't over complicate, use common sense and the Pentium between your ears.
Regarding the BTC, the biggest problem is, it is very volatile and fundamentals are very important. So proper Technical analysis is hard, but still possible, and very simple to see TP or SL levels.
Really long term we are bullish.
Long term, before we make a new high we are in a down trend.
Short term, we are in an up trend.
Now depends on what are you trading, holders even don't care.
So let's focus on short period. Unless we make a lower low, I am bullish.
I see it as BTC touching the upper trend line, retesting and braking it. It will brake
and retest also all resistance levels on its way. But don't be scared, that does not mean it is turning. It is a simple price action and it is happening on all markets all day long.
to do. As you can see, price moves and yes, IT Always moves between support and resistance lines. So, whatever you think, whatever you do, this could be a part of your vision where are we going next. Even if we brake on or two, maybe tree in a row, we always come back for a retest. I think my chart is simple enough to show you what I mean. And I can emphasize this enough, don't over complicate, use common sense and the Pentium between your ears.
Regarding the BTC, the biggest problem is, it is very volatile and fundamentals are very important. So proper Technical analysis is hard, but still possible, and very simple to see TP or SL levels.
Really long term we are bullish.
Long term, before we make a new high we are in a down trend.
Short term, we are in an up trend.
Now depends on what are you trading, holders even don't care.
So let's focus on short period. Unless we make a lower low, I am bullish.
I see it as BTC touching the upper trend line, retesting and braking it. It will brake
and retest also all resistance levels on its way. But don't be scared, that does not mean it is turning. It is a simple price action and it is happening on all markets all day long.