I like keeping charts simple and keep the strategies simple.
DCA begins now.
Ergo and crypto looking like it will start 2022 with a bear market, which will drop btc to 30k and everyone else with it.
This was nearly a blow off top and would have happened if btc continued it bullrun. On top of btc, This lopsided head and shoulders has dropped this and we will see if there's enough data to validate that trend line to then rebound from.
Your best bet trading is to look for things that are in movement of a current Larger scenario and utilizing that to your best ability. Trying to trade on something without that is much more of a gamble.
Hi there, I hope you are doing well. buddy you didn't mention the timing of Max potential
StruggleBus
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@ameee12, You can't time a market, supports and resistances + volume are going to be the best indicators of layering leveraged plays with something with such low volume. Your best potential catalysts to look for price bumps are going to be news driven, or adoption occurrences. Biggest two factors with the asset are exchange listings which are in the works, when an actual major exchange announces a date then it'll rally. The other major factor is miner migration with ETH 2.0. Could be as early as June as they are shooting for, or sometime next year as they are having trouble getting the final product where they need it to transfer the network to POS. I do think this is the best chart I've seen though in terms of macros. He hit the price target bottom very well with the broadening wedge.
ameee12
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@StruggleBus, sir thank you for your valuable info. appreciate it