ADA is at a good region of support, a long entry will be good until next resistance, if and after price breaks the resistance, the buy momentum may continue upwards after a decent retrace, that would be my entry for another long position!
*disclaimer: this is my first time doing technical analysis on my own*
Marked up the chart through whole number theory of technical analysis. As you can see the candles like to shift between levels and zones switch between being support and/or resistance spots.
Hello everybody, this is the first TA that I'll be sharing. Today we will be looking at Bitcoin . As usual, I always like to remind myself the principal trends which I divide in two: mid-term trend and long-term trend. As we can see on the chart, we have been in an uptrend since March 13 (mid-term trend) but we are still in a downtrend since the dec 2017 ATH...
Top-down analysis from the Daily --> 4H --> 1H charts. Obvious its been on a bull run, but this is a good entry imo. Looking at the 1H chart you can notice:
1. Price Action
2. Trend Line
3. Support Zone
My first publish :)
I have some BIG warning signs for you:
Do you really believe we are currently in the phase of a sucker's rally when everyone is shouting "BUY". I'd rather hear my friends ask me "Do you still believe in this sh** market???". Than I buy!
--Last week, friends and family came up to me and asked me how they can invest in...