Good Evening... Well Morning,
Roughly 2 monthly ago I signaled BTC:MATIC for nearly 170% & I believe another wake is upon us. My style of trading isn't based off any indicators or said nonsense, the basic idea of it simply comes down to pinpointed support & resistance levels. I've proven to you over and over again that matic was riding an interlacing combination of Moving Averages (which I only use to swing-trade for some quick profits).
WHAT'S NEXT
Easy, let time pass and tell. If we break and hold over the 50-day that would be a indication that the bulls may attempt to engage. That being said, it doesn't mean enter if the MA is broken... Everyone I've spoke with this last month had some ups and downs. Only the ones that avoided emotion/FOMO, pulled in a nice profit. What I'm saying is the market is always open, opportunity will technically always be there so be sure to have full transparency before investing (take your time). Cryptocurrency and Stocks in general always trends either up or down, the point is to know and understand the basic science of trading so you know if you're at the right spot to buy/sell. You could find yourself in the middle, or end of a run up, and those are places where odds just aren't in your favor. How will you loss money? It's as simple as this, when you buy it at the top thinking "oh it's going to go up, HODL", you end up screwing yourself than with your luck you sell and next thing you know COIN shoots back up without you. This doesn't mean you suck at trading, or you should quit, or worse start gambling your account away. This just means you're charting something incorrectly and your timing might be a bit off. Reach out to me and I can help you fix your bad timing, I can help you learn to chart correctly with the true science of trading. Reach out to me and I will guide you like my broski.
What to look out for now?
Looking at the 4H time frame, you can see what is going on with the 50-MA a bit better. If we close under it a few too many times we typically tend to see downward movement. Currently, MATIC:BNB is retesting it's previous support (the dashed orange one), if we can break and hold above the 50 MA and break channel resistance I think we may see MATIC complete a double bottom and if it does we will be looking toward 57% mininum with a full target pushing 180%.
THE TRADING LEGEND:
Short-Term Trend: Slightly Bearish
Long-term Trend: Ready To Pop
My thoughts: Double bottom, rally is coming...
DOTCOMJACK | THE MICHAEL JORDAN OF TRADING VIEW
Feel free to message me! I'd love to connect.
BE SAFE AND FOLLOW ME TO STAY AHEAD OF THE CURVE AND BECOME PROFITABLE.
Roughly 2 monthly ago I signaled BTC:MATIC for nearly 170% & I believe another wake is upon us. My style of trading isn't based off any indicators or said nonsense, the basic idea of it simply comes down to pinpointed support & resistance levels. I've proven to you over and over again that matic was riding an interlacing combination of Moving Averages (which I only use to swing-trade for some quick profits).
WHAT'S NEXT
Easy, let time pass and tell. If we break and hold over the 50-day that would be a indication that the bulls may attempt to engage. That being said, it doesn't mean enter if the MA is broken... Everyone I've spoke with this last month had some ups and downs. Only the ones that avoided emotion/FOMO, pulled in a nice profit. What I'm saying is the market is always open, opportunity will technically always be there so be sure to have full transparency before investing (take your time). Cryptocurrency and Stocks in general always trends either up or down, the point is to know and understand the basic science of trading so you know if you're at the right spot to buy/sell. You could find yourself in the middle, or end of a run up, and those are places where odds just aren't in your favor. How will you loss money? It's as simple as this, when you buy it at the top thinking "oh it's going to go up, HODL", you end up screwing yourself than with your luck you sell and next thing you know COIN shoots back up without you. This doesn't mean you suck at trading, or you should quit, or worse start gambling your account away. This just means you're charting something incorrectly and your timing might be a bit off. Reach out to me and I can help you fix your bad timing, I can help you learn to chart correctly with the true science of trading. Reach out to me and I will guide you like my broski.
What to look out for now?
Looking at the 4H time frame, you can see what is going on with the 50-MA a bit better. If we close under it a few too many times we typically tend to see downward movement. Currently, MATIC:BNB is retesting it's previous support (the dashed orange one), if we can break and hold above the 50 MA and break channel resistance I think we may see MATIC complete a double bottom and if it does we will be looking toward 57% mininum with a full target pushing 180%.
THE TRADING LEGEND:
- Support Trend Lines: Green
- Resistance Trend Lines: Red
- 50 DAY MA: Orange (Thick)
Short-Term Trend: Slightly Bearish
Long-term Trend: Ready To Pop
My thoughts: Double bottom, rally is coming...
DOTCOMJACK | THE MICHAEL JORDAN OF TRADING VIEW
Feel free to message me! I'd love to connect.
BE SAFE AND FOLLOW ME TO STAY AHEAD OF THE CURVE AND BECOME PROFITABLE.
