It seems that a lot of authors on tradingview write unnecessarily long paragraphs which if you break down, just say "I think it will go up or down". Which we all know to begin with, it will always go up or down. Too many of the popular authors are afraid to be wrong so they no longer post what they genuinely believe. It is not a failure to be wrong.
In trading you have 3 goals, Big Win/Small Win/Small Loss.
And in the end there is no such thing as a loss, you either win or you learn.
As someone who enjoys art I see technical analysis as such, there are some out there that have beautiful looking charts with much detail and patterns and indicators everywhere. There are also those that simply have a few arrows and a few lines, you can see many successful people with both types of charts. Art is the same, there are detailed artworks that everyone can appreciate but takes a new artist years to master, and there is minimalist art which everyone can understand and learn in a short time. Eventually you'll be able to understand and appreciate both and create your own interpretations.
CHART ANALYSIS STARTS HERE
Now here's what BTC will do and how you can profit, If we look on the chart with just support and resistance lines, BTC is at a strong resistance. We can also see on the DMI (Directional Movement Indicator) that buying pressure has flattened out and will most likely make a move down leading into more selling. RSI will also fall along with the price. Once it has corrected a small amount. The price will break through this resistance and onto the next at around 10,000 - 11,000. This will cause the RSI to finally reach the default overbought for the first time since the last epic bull run. I've drawn out the path I imagine for the next 2 months. How can we profit from this? During this sideways movement alts are amazing to trade. If you've been focusing hard on BTC for the last few months Id consider taking a look at ETH as well. I've been able to make massive profit trading ETH pairs in the last few weeks as you can see from my previous ideas. Its a wonderful time to get good alts on the low low before the next move up.
2 Last things, catalysts like news will always ignore all Technical Analysis, if some new amazing developments come out we could see targets being reached much sooner, and if terrible news were to come out it would effect the price as such. Second thing, if a daily candle closes below the orange box, this chart becomes INVALID and we must recalculate,until then i am bullish. Other than that, things are finally looking good in the Crypto world for now.
GL everyone
Thanks for reading, check back soon and be impressed by how RIGHT I was! ;)
And remember, do not be afraid to be wrong, there's only WINNING or LEARNING!!! C: ily guys
In trading you have 3 goals, Big Win/Small Win/Small Loss.
And in the end there is no such thing as a loss, you either win or you learn.
As someone who enjoys art I see technical analysis as such, there are some out there that have beautiful looking charts with much detail and patterns and indicators everywhere. There are also those that simply have a few arrows and a few lines, you can see many successful people with both types of charts. Art is the same, there are detailed artworks that everyone can appreciate but takes a new artist years to master, and there is minimalist art which everyone can understand and learn in a short time. Eventually you'll be able to understand and appreciate both and create your own interpretations.
CHART ANALYSIS STARTS HERE
Now here's what BTC will do and how you can profit, If we look on the chart with just support and resistance lines, BTC is at a strong resistance. We can also see on the DMI (Directional Movement Indicator) that buying pressure has flattened out and will most likely make a move down leading into more selling. RSI will also fall along with the price. Once it has corrected a small amount. The price will break through this resistance and onto the next at around 10,000 - 11,000. This will cause the RSI to finally reach the default overbought for the first time since the last epic bull run. I've drawn out the path I imagine for the next 2 months. How can we profit from this? During this sideways movement alts are amazing to trade. If you've been focusing hard on BTC for the last few months Id consider taking a look at ETH as well. I've been able to make massive profit trading ETH pairs in the last few weeks as you can see from my previous ideas. Its a wonderful time to get good alts on the low low before the next move up.
2 Last things, catalysts like news will always ignore all Technical Analysis, if some new amazing developments come out we could see targets being reached much sooner, and if terrible news were to come out it would effect the price as such. Second thing, if a daily candle closes below the orange box, this chart becomes INVALID and we must recalculate,until then i am bullish. Other than that, things are finally looking good in the Crypto world for now.
GL everyone
Thanks for reading, check back soon and be impressed by how RIGHT I was! ;)
And remember, do not be afraid to be wrong, there's only WINNING or LEARNING!!! C: ily guys
Comment:
Expect cleaner charts from now on, ive been inspired~
Comment:
IF BTC breaks 10k we will hit the target much sooner, Still expecting a pullback probably into the mid 8000's or low 9000's . Indicators are screaming manipulation and overbought
Comment:
As I said in my last update, BTC needed to fall back into the low 9000s or mid 8000s.