About meHi all,
I'm new trader, but i have 4 years experience in cryptocurrency trading.
My charts are just for learning and investigating. I'm very happy if my idea can help you make some profit. But just trade with your own risk.
Matic did very well 1 week ago. Now it is in a big correction. In 4H chart, it retest Fibo 0.382 and EMA 100 twice. If it bounce hard here with high volumn, I will follow the FOMO as it's reserver signal. Be careful!
TP and stop loss in chart.
Hope you can earn some profit with this coin!
Will test the next support. Break will lead us to new low. If failed, we will bound and old support will be strong resistance.
The strongest resistance now is MA 200 daily. (2300)
I hate some people called me these TA are bullshit before. I just want to discuss to learn together.
We have to watch the next moving of bitcoin to decide if it is a bubble or it will continue rise to new high. I recommend using 5D chart. It's perfect timeframe to compare with btc itself 2013 bubble in 1D chart. We have a big rising wedge. Price is up to fast from 800$ to 5000$ and it will have a big correction. Below fibo 0.5 (2500$) will be bust the bubble. But...
If BTC can not pass the previous resistance 4600, we will see new low (3600 - 3200 - 2800).
Look at the chart, USDT exchanges is the best exchange to catch the falling of btc. When all exchanges are same price, may be it's time for a pull back.
Watching on it. Next low or double bottom and retrace? Just wait a signal and decide yourself. May be it will happen quickly. Use MACD and RSI to detect oversold and enter to get good profit. Good luck!