I thought it was time to make a longterm chart, with all these wrong charts going around, hehe.
They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue...
the data was bad, but not that bad;
maybe it was a emotional reaction;
we saw this scenario a week ago, when the dollar was weak on Friday but Monday got back on track;
USDT Dominance measures USDT market cap against all other coins. While not as potent as BTCD or TOTAL2, it can be a helpful indicator to know what traders are doing, as many of them use USDT over fiat.
Obviously, when BTC sells off, USDTD spikes. Based on a little TA, we might expect a relief rally for the market soon. USDT is basically at resistance, but it did...
Price has entered the daily OB and now creating structure coming back to test the 1H supply. On the 15m we have created EQL and a nice OB underneath. I will be looking for shifts on the 1m.
The chart posted has been enforce for sometime .I feel that we have now entered the 5th and final rally to which a sharp decline of 7.8 to 11.8 OR MORE will be seen after this rally that started today !! IT COULD THE HIGH OF THE YEAR !!
With BTC rising Rally looks ready to go. The team just announced they are going to decentralize their platform a couple days ago. Currently at the 50ema on the hourly and pushing upwards.
Hello friends!
As you can see in the chart, a pullback (Rally) is formed.
Do you think my guess is correct?
Thank you for sharing your opinion with me!
After breaking daily structure, the price tends to retest the resistance area on the daily time frame thus providing an opportunity to enter in lower time frames with a bearish bias. In the 15 min time frame was the formation of a consolidation that was broken and retested, providing a sell opportunity with the take profit at the nearest daily support and thus a...
A break and retest of the previous support of the head and shoulders on the daily time frame signaled for possible continuation of bearish pressure. So going done the the 15 min time frame we have a rising wedge that was broken with bearish pressure, thus the entry was made with the stop loss above the previous high. The take profit was set using the next support...
The crypto market wants to go around and end the correction. One of the currencies that can have a good growth in its wave is XRP, which can be considered a high target according to Fibonacci.
Earlier this week, I took a trade on SCHW on the 30 minute chart. Found it had been rallying on higher time frames (HTF) from a pullback.
I decided to scale down to a lower time frame chart to find an entry. Preferably a pull back.
Decided to enter on a bull flag.
The previous day had shown strong bullish buying pressure as indicated by the bullish candlesticks...
