The daily is looking bearish today, i was bullish yesterday but today i'm lookinng to the bearish side because if you look at the stoch rsi it is crossing back to the down side and we are on a green 3 on the TD sequential on a doji that to me is very bearish and we closed below the fibanacci line yesterday which is even more bearish, so that is my TA...
On the 4H it was very over sold on the stoch rsi then we crossed to the up side and then went up 2% we broke out of the channel like I said it would break to the down side or up side and it went to the down side.
We are on a green 1 on the 4 hour and could go up at least 3 or 4%.
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I promised to do a daily idea and i have so let's get in to it.
Like we talked about yesterday about the stoch rsi crossing, well i have looked back to see when it crossed last and last time it crossed was when we went from 7000 to 12000.
So for long term i am really bullish we have closed above the fibanacci line on the daily aswell we could see...
just a quick update on the 1H chart the stoch rsi is crossing to the down side and bitcoin is forming a channel.In the past when a channel like this has formed it usually breaks out either to the up side or downside but i think we could bounce off the 20 EMA or the support line.
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LTC is having a drop a the minute, where the orange line is that is my prediction
that is where the middle line is on the bollinger bands.
Tell me your thoughts in the comments.
I'm only 13 and I want to learn more about trading.
On the fib retracement, looks like it could come down 0.236 level.
Tell me your thoughts in the comments, I'm trying to learn as much as I can about TA.
I'm only 13, my dad has told I have 5 years to learn before I start trading with real money