TA IS NOT PREDICTION IT'S ACTING BASED ON CONDITION.
TA IS NOT PREDICTION IT'S ACTING BASED ON CONDITION.
I'm tired of speculator on tradingview. people love to predict and draw some lines on the chart and say this is the future price action. you cant say because it is YOU and MY supply and demand that causes price to change. when we seperate ourselves from the others and we think we are the one that is going to win, this is the exact time to lose. when we think price should go down our fear drives price down not aliens . so in market there is no prediction and saying that BTC is going to zero or it is going to worth 1000000$, It is not prediction. prediction is a precise concept that the claimant tells us and i should say i'm not trading with claims because every claim is just a claim whether it is going to happen whether not.
After moving on of this subject i'm tring to find a relationship between longs and shorts.
I devided shorts by longs+shorts and got a percentage of them. I drew some lines that are significant moment in the price in which the top of shorts% is signaling us that the price is reaching it's bottom and the bottom of shorts% is showing us that price is reaching to it's top. it is not perfect because it is not going to tell you the exact top or bottom but it can roughly tell you.
I opened a RSI and Stoch RSI on this short% in daily time frame it is showing us that the momentum for the longs is almost over and it's time for shorter to force the shorts% to it's all time high! so for short term we would short and for long term we should see what happens next. but i suggest not to doing anything except u see a breakout of short% triangle that i drew.
I used a EMA 2 for smoothing the shorts%
will update this idea
I'm tired of speculator on tradingview. people love to predict and draw some lines on the chart and say this is the future price action. you cant say because it is YOU and MY supply and demand that causes price to change. when we seperate ourselves from the others and we think we are the one that is going to win, this is the exact time to lose. when we think price should go down our fear drives price down not aliens . so in market there is no prediction and saying that BTC is going to zero or it is going to worth 1000000$, It is not prediction. prediction is a precise concept that the claimant tells us and i should say i'm not trading with claims because every claim is just a claim whether it is going to happen whether not.
After moving on of this subject i'm tring to find a relationship between longs and shorts.
I devided shorts by longs+shorts and got a percentage of them. I drew some lines that are significant moment in the price in which the top of shorts% is signaling us that the price is reaching it's bottom and the bottom of shorts% is showing us that price is reaching to it's top. it is not perfect because it is not going to tell you the exact top or bottom but it can roughly tell you.
I opened a RSI and Stoch RSI on this short% in daily time frame it is showing us that the momentum for the longs is almost over and it's time for shorter to force the shorts% to it's all time high! so for short term we would short and for long term we should see what happens next. but i suggest not to doing anything except u see a breakout of short% triangle that i drew.
I used a EMA 2 for smoothing the shorts%
will update this idea