This is my first video upload, so apologies for any quality issues.
I've just come across this CTR/BTC trend/recreation that is quite interesting, and I thought I'd share it all with you.
The video should explain everything, and I'll provide updates as things progress.
Note: I'm definitely NOT suggesting another 800% price rise. Anyone who does that should be locked up because those kind of rises are driven by anything but logic or predictable behaviour.
Cheers and good luck,
RJR
I've just come across this CTR/BTC trend/recreation that is quite interesting, and I thought I'd share it all with you.
The video should explain everything, and I'll provide updates as things progress.
Note: I'm definitely NOT suggesting another 800% price rise. Anyone who does that should be locked up because those kind of rises are driven by anything but logic or predictable behaviour.
Cheers and good luck,
RJR
Order cancelled:
This ended up being a non-starter due to the market wide crash (don't call it a correction).
Leaving crypto land for the meantime until some semblance of normality returns. It's impossible to do any meaningful TA in such a volatile market. That's the good and bad thing about crypto.
Will return once things normalise :)
Leaving crypto land for the meantime until some semblance of normality returns. It's impossible to do any meaningful TA in such a volatile market. That's the good and bad thing about crypto.
Will return once things normalise :)
Comment:
Well, the big jump came, just later than anticipated given the crypto market fragility. Still, nice to know the underlying analysis was sound.
Disappointing that I missed this one due to being away over the last 24 hours (seriously, life). And I'm loathe to jump in now as a 45% rise could very well be the top. I'll be keeping an eye out for a pullback to see if there's any appetite for a second push - volume will tell all here, so keep an eye on that.
Disappointing that I missed this one due to being away over the last 24 hours (seriously, life). And I'm loathe to jump in now as a 45% rise could very well be the top. I'll be keeping an eye out for a pullback to see if there's any appetite for a second push - volume will tell all here, so keep an eye on that.
The hourly chart shows price has formed some horizontal support and resistance bands, and is merrily zigzagging between the two. It seems like it's really just in a holding pattern - quite possibly waiting for any definitive movement in the BTC market (which may come on the 6th).