On a bigger view it looks to be in a downwards wedge. Current CMP is on a support zone.
If breaks below then supports marked in yellow.
If goes back above then targets in green.
For those who still wonder by what miracle chart analysis can work well, here's a proof:
Such proofs, I often see and they are an integral part of my publications, but I had not yet had the idea to dedicate a small Tutorial, and this proof is perfect for its simplicity and its obvious!
It is simply a question of proving that Chartism is neither a science nor...
Welcome!
Today I'll be demonstrating the efficacy of a method I've determined to identify and trade support and resistance (S/R) zones in real-time.
Normally, traditional technical analysis requires a S/R zone to experience multiple validation events (touches, reverses, bounces), before it becomes tradeable. The downside to this method is that numerous...
"BTC is not out of the woods yet!!" What a ducking cliche to say!!!
While there are many analysts forecasting moves up to 12k or 14k and beyond already(though very plausible), it will definitely not happen from the current levels i.e. 10.8k. Two important trendlines on the way up haven't been touched yet and BTC never leaves a trendline untouched!
10.9k area...
Just something to keep an eye on. Current support resting on the 50 day EMA, if/when this breaks, expect the gap to be filled. The 200 day EMA is another area to look out for.
IN THIS VIDEO WE ARE GOING OVER MARKET STRUCTURE. WHAT MARKET STRUCTURE IS, WHY ITS IMPORTANT AND HOW ITS USED TO FIND A OPTIMAL SETUP IN THE MARKETS! HOPE THIS IS HELPFUL. GIVE US A THUMBS UP AND SHARE THIS VIDEO IF YOUVE FOUND IT HELPFUL
At 16:00 on July 4th, break the low point on the left and turn into a short-term idea. Left structure 8738 pending orders, small size, long-term trading
According to the Black Mamba trading method, the original SL is placed at the high point of Zone A.
Note: Please protect your position.
Pay attention to the price of the KEY LEVEL response. KEY LEVEL is the...
