ETH Four hour chart. Looking like a possible inverse head and shoulders forming. Trying to break the shoulder line currently. Bouncing off that RSI dip. Looking for continuation of uptrend using the previous resistance levels from the non inverse head and shoulders(that's a regular head and shoulder) that played out as targets.
Heads shoulder knees and toes.
Just playing small bounces, looking for spots, setting stop losses and locking in profits along the way waiting to see what BTC will do. We have a long way to go to come close to confirming a reversal of the larger trend. There is plenty of room for the price of BTC to drop from here and still be considered over all bullish. This may not be the end of the bear market. It could go on for years. This news is not disheartening to the trader.
The trader watches prices cycle and places bets on probabilities. Markets are just reflections of emotional response. Yes the stimuli change but the reactions are predictable. We are creatures of habit with similar basic underlying personality traits, needs, and wants.
Fear, despair, joy, disbelief, jealousy, doubt, impulsiveness, insecurity, greed, arrogance, ignorance, bias, and objectivity are all just parts of the cycle. We live. We die. Shit happens in the middle sometimes and then it's all the same story again and again.
Technical analysis is just visually representing a series of emotional reactions. It's boring to bet on business. It's fascinating to bet on people.
Study every second. Always think critically. Don't separate your serious learning self from the rest of your life.
Heads shoulder knees and toes.
Just playing small bounces, looking for spots, setting stop losses and locking in profits along the way waiting to see what BTC will do. We have a long way to go to come close to confirming a reversal of the larger trend. There is plenty of room for the price of BTC to drop from here and still be considered over all bullish. This may not be the end of the bear market. It could go on for years. This news is not disheartening to the trader.
The trader watches prices cycle and places bets on probabilities. Markets are just reflections of emotional response. Yes the stimuli change but the reactions are predictable. We are creatures of habit with similar basic underlying personality traits, needs, and wants.
Fear, despair, joy, disbelief, jealousy, doubt, impulsiveness, insecurity, greed, arrogance, ignorance, bias, and objectivity are all just parts of the cycle. We live. We die. Shit happens in the middle sometimes and then it's all the same story again and again.
Technical analysis is just visually representing a series of emotional reactions. It's boring to bet on business. It's fascinating to bet on people.
Study every second. Always think critically. Don't separate your serious learning self from the rest of your life.