Morning Market VLOG #11 - Uncertainty coming back to BTC
Hope you like the fresh new looks! BTC had a sharp dip past few hours, so far its not Armageddon but this dip really put into perspective the fragility of support we are sitting on.
My trading style seems to place a lot of weight into trend lines. I like patterns. The thing that saved me from the 17th April dip was the fact we briefly started to test below the massive 3month+ long lower trend line, that made me sellout.
Now this current trendline is far less significant and support/resistance levels I'm certainly more interested in, but at the same time... I'm concerned!
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Timestamps
-=-=-=-=-=-=-
0:30s = BTC took a lil dump
1:00 = Checking the ALTS I been looking at, see if they dumped
5:25 = Check moving averages on BTC
7:30 = Bearish trend of lower highs amongst ALTS
12:15 = Processing my reaction to the correction real-time
15:15 = LunarCrush what's trending on social media
16:45 = WHAT THE HECK SAFEMOON TOKENOMICS! made me barf
My trading style seems to place a lot of weight into trend lines. I like patterns. The thing that saved me from the 17th April dip was the fact we briefly started to test below the massive 3month+ long lower trend line, that made me sellout.
Now this current trendline is far less significant and support/resistance levels I'm certainly more interested in, but at the same time... I'm concerned!
--------
Timestamps
-=-=-=-=-=-=-
0:30s = BTC took a lil dump
1:00 = Checking the ALTS I been looking at, see if they dumped
5:25 = Check moving averages on BTC
7:30 = Bearish trend of lower highs amongst ALTS
12:15 = Processing my reaction to the correction real-time
15:15 = LunarCrush what's trending on social media
16:45 = WHAT THE HECK SAFEMOON TOKENOMICS! made me barf
