To be honest I'm not playing a lot with this market any more!
Meaning, that I believe that it's a safer market these days in compare to our High Days back in December '17, and so I am just following my longterm plan.
The signals that I'am showing in my chart doesn't mean that I have to fully exit from any trades now or any time soon.
I have already taken some...
Not much more to add here than what the chart is showing.
To answer my title:
We are still in a noisy place even if we bounced up instantly after we touched the 200ma in a 3-day chart. And everyone knows that it's good to avoid noise.
Up or Down? Markets are moving mainly randomly! Why else you think that even the best traders want your money through...
We are still under the 200ma which is a bad thing mid-term, but we have already form an ascending triangle right under a resistance line which is established at 1st of April.
It's not clear enough but seems that we went through, and we now retestng the resistance line which is established from all the previous weak breakouts at 9000usd(21-Mar-18),...
Just a fast update to my previews analysis.
The price is again at the same level with our line, that it was enstablihed back in December 2017!
A small retrace is the most probable scenario to happen in these levels.
And this is probably not the best price to add to your core holdings.
Forget your emotions and try toy find out the most probable price-move in...
Here we are again in the same price(Our previous resistance area)!
What where you thinking back in 15/Feb? If it was too soon for you to lock in some profits as many mentioned, then you have to consider re-buy maybe?
Or maybe you know think that is going to crush hard and so, you are scared rebuying? --> Don't be so emotional!
I think that those who were hurry...
There is still be the probability to retest the support area. A double bottom or a failed low will drive us to higher levels.
-Can we go lower?
-Yes, of course.
We have seen bigger retracements in the past. But, I see that this is a good opportunity for long term investment, even if we go lower(short-term).
I believe that here we have the opportunity for healthy...
The rectangles show a similar pattern.
In the second one we just have much more volume.
The correction is continiuing and we may be see lower prices!
We have to be extremely carefull as we are in huge volumes.