If we flip COIN upside-down, it might give us a shiny new perspective on this stock.
I threw two horizontals on it at $250 and $310, given the psychological significance of these areas,
and also because the surrounding price action
suggests that they are important support/resistance levels.
We can also look at the VPVR (volume profile visible range -
the...
I flipped the chart upside down and now we see the opposit, what others see.
On this chart I would normaly to look for taking a long position, there are many conflunces and correlations on the chart
Not liking this chart at all..
I thought I saw a rising wedge on the correctly orientated chart, I flipped it and I see this as confirmation of lower prices to come.. We are grinding up in a rising wedge with lowering volume which has me concerned.
Still NET Long however. Not selling and will only buy more if we do come to lower prices..
Does this coincide with...
By looking at the chart, it looks more similar a upside down mountain sloppy hill.
Recognizing this kind of a change can allow traders to take profits and protect themselves from buying into an unfavorable market, or strategics to make money from falling prices by short-selling.
The big question is that what will be the next move?
So basically it has many...
Sometimes if you flip the chart upside down you get some new insights. Does this look bullish to you?
(You can type in 1-BTCUSD to get this chart. Putting 1- in front of anything lets you flip it).
Psychological expectations and characteristic losses are here again...
Bitcoin is waiting for nothing good!
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Trading idea and analyse from trader Nika Lekishvili
The thing I just spotted on chart which I didn't see before. I marked very powerful formation which may suggest really strong bullish movement. I put in link another pair which made good move towards north after similar price action where psychological level was 10 dollars, and here we have 0.00200000. More I'm looking at the chart more patterns I see which are...
This is year 2010 when I tried to figure out where gold is going.
I posted it to show you what happened after Gold hit 1000$ strong psychological round number with upside-down head and shoulders formation and what happened later on.
...just in case you wonder what are possibilities
