As I noted in my last post, if the 55 MA and the 618 Fibonacci level did not hold we would continue to make a downward move. That is exactly what has happened. we also have a perfect tap on the downward RSI trendline. Volume on this latest candle was extremely bearish. Now to see if the 200 MA will hold
its crypto jack $2-5 swing are normal occurrence so your guess.
greatnewtini
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@b82161, these charts are for people who day trade like me with margin. This is purely for intraday trading. Obviously you should not form biases for swing trades/interday trades or a HODL account based on a 4 hr chart. Lol, I hope people realize that basic fact. Best of luck!
greatnewtini
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My personal system has me enter and exit same day, I do not like to sleep with margin positions open. Often narrowing down to the 5/15 minute chart to front run reversals/etc.
Spot holdings I will mix a chart from 12 hour to 1 week depending on the asset.