About meNew to trading and actively trying to transcend the noob mentality.
TA isn't so much the problem. Taking profit it.
I've come to realize trading is true self-reliance; for income and self-actualization.
It appears the bottom is in after 3rd attempt held as support.
Both the 1W/1D have similar S/R ; a few cents difference
Using the daily because it has more data for the EMAs.
Would like to see the red box area turn support.
Would also like to see the 20 EMA act as support.
Sellers were exhausted. Let’s see if Buyers can step in for Higher High.
Compared to the previous two sell offs/buy backs were abrupt, this downtrend/uptrend has been more gradual and range bound; accumulation.
For now, support at blue box has turned resistance.
Waiting for S/R flip.
Double top? 66% do not close below confirmation point
From Thomas Bulkowski’s “Encyclopedia of Chart Patterns”:
Guidelines for properly identifying a Double Top:
Upward Price Trend
~10% decline b/w 2 tops
~3% or less b/w tops (1.56% difference)
A month or more b/w tops is preferred (14 days for $BTC)
Volume higher on first top
Price must close below confirmation...
Looking at the 4HR, $ATOMs uptrend appears to be weakening with decreasing volume and downward trending RSI.
However, looking at the 1D it is clear we are still in a very strong uptrend...even the 1HR shows healthy price action.
This is an important reminder to zoom out for the big picture/zoom in to see a micro-perspective.
Watching to see if $ATOM test the...
$ETH has been trending up in the channel for some time now. With a northern breakout and a close above the channel, $ETH can possibly find new resistance at $250...which acted as support during the previous run to ATHs.
Of course things could run south quickly...depending on what big poppa $BTC has to say.
Still in a long since $159.
BINANCE:ONTUSD is behaving nicely in the ascending triangle pattern.
I have no position...watching to see if S/R flips...or another touch at the bottom of the triangle.
If BINANCE:ONTUSD does not break through here I will place a buy order at the bottom of the triangle (black line around the $1 level).
I bought into resistance here. Only because Alts have been popping lately and $POE may as well.
I also bought it based off a lesson I learned earlier today...I lost about 1/2% of an investment because I was riding high on my first substantial swing trade.
I bought in here with anticipation others may do the same on $POE.
Dunno. Plenty of upside. High risk/high...
Hey all. After about a year of intense learning, this is my first published idea.The caveat being I am still learning and hope this provides a platform to share ideas, learn from each other and make positive trade decisions.
I was never interested in financial markets until late summer of 2017...when I discovered crypto. I've been hooked ever since and believe...