So, After that little discussion on my last chart, I decided to look a little harder for clues. What the heck, we may have a bounce zone coming up. Lets see what happens when it hits. You never know!
Good call..it's been bouncing around the area you said since last night
infbp22
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@WRJSLJ, Thanks. Yea I was happy with it, pulled 14% out of that trade. Leaving some house money in for a longer haul
konosmgr
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Are you buying at initial trend reversal?
infbp22
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@konosmgr, I did by in at 21943k sats. This is still a high risk trade, especially with the BTC correction. Better confirmation would be a clear cross of the 8,13,21 EMA over and above the 55 EMA on the 30 min chart, or whatever time frame you plan on trading.
konosmgr
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@infbp22, It's risky idd. By the way, what is the middle purple trendline?
infbp22
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@konosmgr, i'm always running rays and trend lines to find resistance and support. You can see multiple touches of wicks on the line. Resistance and support aren't just horizontal, ascending and descending are important too.