HEY GUYS!
MY LAST FEW CALLS WERE NOT GOOD, SO WHY TRUST ME NOW? I POST THESE TO BE ACCOUNTABLE TO MY IDEAS AND WELCOME ANY FEEDBACK.
I HAVE NOTICED CRYPTO TRADES USED TIGHT, SHORT RANGE CHARTS MORE THAN ANYTHING ELSE. WITH THAT I HAVE DRAWN TWO SHORT TERM BULL RESISTANCE LINES. SO HERE THEY ARE.
WE ARE BREAKING OVER THE FIBONACCI COLOR LINE! NEXT STOP IS RESISTANCE AT THE RECENT HIGH 15736 ( JUST TOUCHED), 15733 ( TOP OF RECENT HIGH CANDLE. THEN HIGH WICK OFF CANDLE AT 16956. AFTER THAT THE NEXT FIBONACCI LINE AT COLOR BREAK AT 17758.
HOW WE GET THERE IS ANYONE'S GUESS BUT SELLING AT RESISTANCE AND REBUYING AT RESISTANCE HAS WORKED OK FOR ME.
MANY HAVE MENTIONED THE CUP AND HANDLE FORMATION. ONE THING THAT THEY CAN POSSESS IS A WICKED SHOOT TO THE UPSIDE! SO I MIGHT NOT TRADE ANYMORE AND JUST SET IT AND FORGET IT AT THE FIB BREAK AT 17758 ( SELL AT 17739ish).
cup and handle link
www.investopedia.com...s/c/cupandhandle.asp
remember to use the moving averages as resistance on BOTTOM of candles on the way up and on TOP of candles on way down. Use on bottom if you think we are going higher. Big move might pop there.
THE NEW TREND LINES ARE SUPER AGGRESSIVE BEST CASE SCENARIOS SO USE TIGHT STOPS if you short term.
I AM BULLISH medium term until 17758 fib line! not much resistance above there either !
MY LAST FEW CALLS WERE NOT GOOD, SO WHY TRUST ME NOW? I POST THESE TO BE ACCOUNTABLE TO MY IDEAS AND WELCOME ANY FEEDBACK.
I HAVE NOTICED CRYPTO TRADES USED TIGHT, SHORT RANGE CHARTS MORE THAN ANYTHING ELSE. WITH THAT I HAVE DRAWN TWO SHORT TERM BULL RESISTANCE LINES. SO HERE THEY ARE.
WE ARE BREAKING OVER THE FIBONACCI COLOR LINE! NEXT STOP IS RESISTANCE AT THE RECENT HIGH 15736 ( JUST TOUCHED), 15733 ( TOP OF RECENT HIGH CANDLE. THEN HIGH WICK OFF CANDLE AT 16956. AFTER THAT THE NEXT FIBONACCI LINE AT COLOR BREAK AT 17758.
HOW WE GET THERE IS ANYONE'S GUESS BUT SELLING AT RESISTANCE AND REBUYING AT RESISTANCE HAS WORKED OK FOR ME.
MANY HAVE MENTIONED THE CUP AND HANDLE FORMATION. ONE THING THAT THEY CAN POSSESS IS A WICKED SHOOT TO THE UPSIDE! SO I MIGHT NOT TRADE ANYMORE AND JUST SET IT AND FORGET IT AT THE FIB BREAK AT 17758 ( SELL AT 17739ish).
cup and handle link
www.investopedia.com...s/c/cupandhandle.asp
remember to use the moving averages as resistance on BOTTOM of candles on the way up and on TOP of candles on way down. Use on bottom if you think we are going higher. Big move might pop there.
THE NEW TREND LINES ARE SUPER AGGRESSIVE BEST CASE SCENARIOS SO USE TIGHT STOPS if you short term.
I AM BULLISH medium term until 17758 fib line! not much resistance above there either !
Comment:
I AM OUT OF NANO! Broke the long term trendline and sideways movement. Could be consolidation. I will be back though!