I tried trading LTC on GDAX back in 2017. I lost enough money to realize I needed to learn much more before jumping back in. I really haven't been following #LTC so I identified some significant levels to watch.
I placed a buy order this morning on USDJPY after reviewing the chart with the 1H, 4H, and 1D MACD. It's gone up to the zone I've marked. My stop is at 113.503. I added the moon phase indicator as a quick shout out to @marenaltman
I marked a significant zone and did not see any solid pivots for a pitchfork but noticed a few reversal along a centerline so I used the regression trend tool and extended the upper and lower deviations to 3/-3. After placing the channel the centerline is not as visible as I thought. I'm mostly experimenting with the regression trend and watching for now.
I've been watching USDMXN for a couple months now, watching it play out this familiar pattern. After forming that slight curve and starting to consolidate at the bottom of the zone it may be time to open a long. What is everyone's opinion?
I like these clean pitchforks. If it reverts to the centerline I will enter a long if the volume looks good. I did have to search around for the first point to place on this Andrews Pitchfork. I think the false pivot I labeled doesn't work at the first point or any point in the pitchfork because it's just sort of a blip on the trend and not a true reversal. I'd...
This is a continuation of an earlier idea I kept private. I think GBPUSD will drop and test the lower zone I highlight before returning to the centerline and again testing the bottom of the pitchfork and lower zone. I will likely scale in at the lower zone with a stop loss under the pitchfork.
I do not hold any Shiba and have no plans to buy any. I just wanted to draw what I think are support lines and a significant zone. I think the ATH and price action immediately after was mostly a result of positive social media sentiment and retail chasing the meme coin aspect so it's a lot less significant for a long term support/resistance zone. The lines I...
I was learning about the differences between the Andrews and Schiff Pitchforks. I think the Schiff applies to the current USDJPY chart better than the lines I drew before. When it reverts to the center line I'll like try a small position.
BINANCE:VETUSD After several months of the descending pitchfork, VET broke out and the pitchfork became resistance as seen in early December. I've been holding VET since 2018 and I'm not actively trading it. I will buy more when it follows the resistance line into Zone 2 with a take profit in Zone 1. I will consider this idea invalidated if it breaks below Zone...
Convergence of resistance lines seen that there are joining at FIB time zones. Maybe a point of interest or a point of stupidity on my behalf.
just a noob ape stronk ENS moon OK What is this minimum description shit anyway, these are pictures???????????????????
These are my observations as a noob: I haven't yet looked at Tezos until now, it seems like the fib time zone seems to play a part and the downward wedge also seems (IMO) to suggest an upturn. Let's see how it plays out
Working out what is going on here, it hasn't fallen into my previous prediction, so it's a slimy monster thus far
Further resistance line forming. I am predicting a drop to break out of the flag. I hope I'm wrong.
I've annotated the idea that maybe the pink dotted lines may indicate a couple of points of volatility in the near future. Watch this space.
look for the trendline to break to the bottom side to get traders in short then long at the local support area with a stop below the lowest wick.
I hope this is the final leg down, and after this the bull market will come back. Today we had yet another dump, and I've cleaned up my graph and tried to make something out those Fibonacci's. 0.382(7.1USD) was resistance two times. 0.618(6.3USD) was resistance two times. 0.786(5.8USD) was support two times. Once 0.786 was broken through with ease, 1(5.1USD) was...
This is in line with what happens to BTC and ETH. My new expectation is to not buy anything over 2.9USD. Let's get to the bottom of this!