If BTC loses $29K support, where will the bottom form? If previous major resistance tends to become future major support, then to predict BTC's bottom you need to determine previous major resistance.
Reasoning:
- Major future support = previous major resistance.
- $10,000 - $14,000 was a strong multi-year resistance area leading up to the most recent bull run.
-...
if you look the left there are big buyers entered
the market.
you can see big big green candles showed up.
and major big trend is uptrend.
price is moving between two line.
so i think buyers will enter the market at least
to the red line.
if you see big green candle shows up
be confident..
here you can see a resversel sign at this round number area..
and if you look left,soo strong sellers enter the market.
but this time onle few sellers entered.
so buyer at this area are soo strong.
and we are in a major up trend.
so i think market will go more up.
if you see a bullish engulf candle we can be more confident.
I took this entry signal however when the new candle opened price quickly moved down thus changing my SL pips and size. The new calculated size was not the minimum contracts that I can trade -AND- due to the Fear of Missing Out I still entered anyways. I technically forced this setup since it originally met my criteria but I wasn't fast to the gun and the...
Dear trading enthusiast,
Price action in the coming days is rather important for determining the overall direction in the coming weeks and months.
Looking at the current trend:
- Price is contracted in a falling wedge (green) and testing the bottom of the yellow channel.
- RSI is printing hidden bearish divergence.
I expect to see price brake out upwards out...
Well well, Wall Street (DJI or US30), has defied logic! Whoever said markets are about logic? Not me. This market has surprised me in the way it obeyed 'wedge theory'. It broke out north, out of the wedge - like a bat outta hell! But now it's stalling on the 8H time frame. This has happened before and it was meaningful. I show the price action.
OK, I am mildly drunk making this... I am new to social media lololol
My current view on BTC and crypto,
BTC is the organic, original form of crypto currency. NO ONE knows what crypto currency is (in an economic and global phenomenal sense) it could become a global reserve currency or it could become simply a "millennial fad." The truth is is has been growing...
Using the Harmonic Mean (Pythagorean Means), we focus on "three values" using the Cross Ladder Problem by drawing the geometric shape - vectored R/S points. These values are taken from the harmonic mean of "B" "A" "h". The calculation inputs are Log Normal, Exponential, and Skewness. (Arithmetic mean gives higher data points that will error your weight);...
