Good day everyone,
Most of the analyzes I see here on tradingview are basted on very speculative technical analyzes. I would advise people to not trust 95% of the posts on tradingview, even by the popular authors. Please don't give it any value.
As an experienced trader I can tell you this. Don't go against the trends, use moving averages and only horizontal support and resistance zones.
Bitcoin is in uptrend and serving the ema50 on the 1h chart. The probability of it going up more is way over 50%, you can see that in my post, check the number of times it's following the EMA50 on the 1h chart (Black line). It's more than 20 times hitting or bouncing off the EMA50. So it would be very stupid to go against it.
Only when the EMA18 cross below the EMA50 on the 1h chart I would consider a short trade.
Regards,
J
Most of the analyzes I see here on tradingview are basted on very speculative technical analyzes. I would advise people to not trust 95% of the posts on tradingview, even by the popular authors. Please don't give it any value.
As an experienced trader I can tell you this. Don't go against the trends, use moving averages and only horizontal support and resistance zones.
Bitcoin is in uptrend and serving the ema50 on the 1h chart. The probability of it going up more is way over 50%, you can see that in my post, check the number of times it's following the EMA50 on the 1h chart (Black line). It's more than 20 times hitting or bouncing off the EMA50. So it would be very stupid to go against it.
Only when the EMA18 cross below the EMA50 on the 1h chart I would consider a short trade.
Regards,
J