Pure speculation. Everything is possible... but perhaps it's now time for a long-term, "boring and safe" lateral movement (purple line) ?
Until something crazy happens again...
Please just enlarge the main panel.
I did not want to include lower panels with indicator and oscillators.
If you know how to NOT publish them please tell me how to do so! Thanks.
Sometimes it strikes me how easy the general picture it is to get! Regardless of the chosen cryptocurrency - I just choose BTC because all of them react to it but we know it's gonna change soon - how can one not see where cryptocurrencies are going, compared to USD (green line), compared GOLD (yellow line)?Can it get any simpler than this? It looks so simple that...
How do we determinate which one is the correct channel?
Is it the red or the yellow one?
If the correct one is yellow, then the channel has been broken, a signal that we should start considering a short position, meanwhile if the right one is the red one, we could conclude that we are still going up at a steady pace and we would go long.
Trying to learn! Please...
Can anyone help with this? I am just trying to learn: do you think it's reasonable to say that looking at MACD orientation, and RSI overbought, silver will go further down, or at least not break up through the triangle (as I expected) ? What's your opinion? Thanks!