I'm still very new to analysis and not yet actively trading. Just getting practice making calls to see if I'm right. Feedback welcome! I'd love to hear some tips and tricks from more seasoned traders and what you think of my analysis.
I noticed a very similar pattern first on LTCUSD:Coinbase this morning (see related ideas). I don't think it's necessarily as...
I'm still very new to analysis and not yet actively trading. Just getting practice making calls to see if I'm right. Feedback welcome! I'd love to hear some tips and tricks from more seasoned traders and what you think of my analysis.
Noticed this interesting pattern today. I'm focusing strictly on a 2 week trend and the cloud in this analysis.
1. Yellow...
I'm still very new to analysis and not yet actively trading. Just getting practice making calls to see if I'm right. Feedback welcome! I'd love to hear some tips and tricks from more seasoned traders and what you think of my analysis.
Yesterday I talked about a falling wedge forming (see related ideas), which turned out to not be as strong as I thought and I...
I'm still very new to analysis and not yet actively trading. Just getting practice making calls to see if I'm right. Feedback welcome! I'd love to hear some tips and tricks from more seasoned traders and what you think of my analysis. Am I too short-sighted? What do you see that I'm missing?
Yesterday I posted a falling wedge forming (see related ideas). Today...
I'm still new at this, feedback welcome.
Earlier today I shared an idea in which I proposed that the recovery this morning would swing back up to the cloud line signalling either (see related ideas)
a) breaking through the top of the cloud leading to further recovery or holding at the 50% fib
b) resisting off the bottom of the cloud and falling back down to...
Still new to this, feedback welcome.
Optimistic look at today - the RSI is signalling the same recovery we saw yesterday up to the white box around the $15150 area. I can't imagine we'll drop below the support fib at 38%, but that we'll end up back at the 50% fib later today.
The cloud is giving a very hesitant hint at being ready to get bullish again, but it's...
Pretty new to this, but I'm thinking the fib retracements in conjuction with the RSI are really clear that we're probably going to see some recovery today.
The amount of selling volume at the 38% retracement level leaving BTC oversold, leads immediately into strong buying power. I'd say we'll get back up to the 50% fib - perhaps higher. If I were buying at this...
