BINANCE:KMDBTC   Komodo / Bitcoin
Experimenting with no wicks.
Still learning and here are my thoughts.

Short term bearish:
1. Rising wedge developing
2. Bearish divergence vs. RSI
3. Potential bearish divergence in the making vs. STOCH

Overall very bullish based on high time frames:
1. Price above the kumo on 1D/2D
2. Lagging span currently above the kumo and price on 1D/2D
3. Bullish TK cross above kumo on 1D and currently shows a bullish TK cross forming above the kumo on the 2D

Expecting a move down to the buy area and bounce/move up to the target.
With patience, I think this has potential for some great gains.
Target may be conservative since i'm not using wicks.
Critique and feedback always welcome.
I would look at the weekly RSI and wait for the next weekly bounce up. Last 3 weeks the wicks show that the bears want to run this one down further.
Reply
eso773 keifer
@keifer, Gotcha, appreciate the insight. Not sure why, but I never took the time to learn about various candles/wicks and always kinda overlooked it. But after some basic research, I see what you mean. They definitely do tell a story and need to be learned. Thanks again.
+1 Reply
keifer eso773
@eso773, I been looking for opportunities through the weekly vs what is happening now. However some coins may go to nothing, with that said, keep a tight stop loss on potential targets.
Reply
keifer eso773
@eso773, BTW, candle reading alone is essential to learn. It tells the story of where everything is going. Then we can use everything else for TA, only after we read the candle or candles.
Reply
eso773 keifer
@keifer, Yep, you're right and I can see that now. Got my new learning objective for this week lol.
+1 Reply
keifer eso773
@eso773, Right on bud
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out