Warning! First trade idea published...ever...by a rookie....albeit a confident rookie (aren't we all?). I'll admit I got sucked into the CryptoCraze in December and made many foolish mistakes during the huge bull market. We all know things have come crashing back to reality but I have a new found respect for the market and have found an incredible interest in...
This is me publishing for the first, as a rookie in Technical Analysis.
Wondering if anyone agrees with the buy zone circled.
It is based on yellow trend lines on a short term basis as this coin just got listed on Binance.
Any thoughts on this, most welcome
New to charting, feedback appreciated.
Btc/usd consolidating nicely and looks to be forming an upward trend. Would give a breakout price prediction but still figuring out how to project beyond present date.
Note to self: Might have to buy subscription or google that question later.
I am in a sell position now and will watch the price near the bottom supporting trend line, expecting the price either to bump up and rise continue in the downtrend.
Possible scenarios there is the price will fall, retest and either continue down or go back in between the trend lines, that has been present there for a while.
Price needs to be watched closely...
This is my first post so please critic me if you see anything i'm not doing right. I am attempting to teach myself harmonic patterns and identifying them correctly. please leave any pointers you have or see any mistakes i am making. Every $.02 helps. Thanks.
Anyways, this is euro/usd. Im seeing a short set up on the hour chart. agree?
I'm just starting out in Technical Analysis and this is my first published chart. I believe that the price will hit the top line of the handle today and the FOMC will determine if we break out or not. If it does break out, I predict a target in the 1280 range. What do you think?