Hey all, welcome back. I've decided that I was decently close on my last chart for the price action that happened the last few days, originally was working on a 4 hour chart but changed to 1 day. I think the trends I've set in red here at the end of this triangle will happen, but no certainty that it will happen exactly as I think it will. If the red wave I've outlined completes, it could show some sort of symmetrical triangle but honestly at this point I'm still learning and having fun with it.
I think we will retrace back to our previous peak from weeks ago, could even hit some resistance, could go a little bit beyond the last peak, but I have no assurance, and these are just some ideas. If that happens, what comes after is something I am still working on, so fyi that big red trend downwards doesn't mean anything other than I feel some significant bearish moves could still be coming. Might be able to update you guys in the near future :)
I might try to look deeper into golden/death crosses on my next chart, but if anything it will only serve as a resistance confirmation for how steady we stay in whatever regions we land in. I have linked my last chart below and as a related idea.
I am currently taking an online class with Trade Crypto Live Education and learning more than ever, and I DEFINITELY recommend you check them out if you want to further yourself as well. I'm also having fun with Cindicator predictions and am up 800+ points in crypto forecasts for the last month, excited to see what the "pro" challenges will look like for the first time!
Original chart (published May 24th 2020) on 4H:
Have a great day everyone!
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
I think we will retrace back to our previous peak from weeks ago, could even hit some resistance, could go a little bit beyond the last peak, but I have no assurance, and these are just some ideas. If that happens, what comes after is something I am still working on, so fyi that big red trend downwards doesn't mean anything other than I feel some significant bearish moves could still be coming. Might be able to update you guys in the near future :)
I might try to look deeper into golden/death crosses on my next chart, but if anything it will only serve as a resistance confirmation for how steady we stay in whatever regions we land in. I have linked my last chart below and as a related idea.
I am currently taking an online class with Trade Crypto Live Education and learning more than ever, and I DEFINITELY recommend you check them out if you want to further yourself as well. I'm also having fun with Cindicator predictions and am up 800+ points in crypto forecasts for the last month, excited to see what the "pro" challenges will look like for the first time!
Original chart (published May 24th 2020) on 4H:
Have a great day everyone!
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
