Just follow the trend . Repeat previous movement and take profits .
I have measured the % overflow out of the channel for secure. Put your stop below that point and ride the wave .
Track the progress and take a look at the RSI, if price is near from the top and RSI is overbought just confirm a second signal and price action .
Trade safe .
Please pay attention to that cluster of EMA's on the 5-day chart. It is possible to predict a possible change in the trend of the price evolution.
The green EMA is 200, we can see its upward trajectory, with loss of momentum due to the correction of recent months.
Ok, let me explain. This is for educational purposes, I am trying to use Tom DeMark recipe to cook shorts.
1- Go to 4H chart and look for a broken trend, just join the lower lows to get your trend line.
2 - Locate the higher high price in trend, note the price. 9875 USD (A).
3 - Draw a vertical line trough the previous candle and look the intersection between...
Hello everyone! I am a totally noob and self-taught trader. I am learning everyday and I would want to share my thoughs about Tron.
Here you can see our friend in 15m. A lot of lines and waves, but today I want to talk about waves:
-The enormous breakout from 595 s. to 829 s. In this time resolution you can see easily the 1-5 impulse waves jumping between...
Today I'm seeing a lot of bearish indicators and some chart patterns. As you can see we have a head and shoulders into a flag formed after break the GIANT bull flag that Tron has formed last months going into acumulation. I think that Bticoin also will fail with his own head and shoulders to $6300, then to the hell as well all crypto and, of course,...
No news... only squeezing the triangle to the max. See what happens today and tomorrow, maybe we continue in range until fresh news like coinburn and beta net launch. You can see that major supports and resistances match Fib. levels so that help us to imagine next movements.
I'm not and expert and these are only my thoughts, so don't take it as an investment...
I'm holding a few SC for months, but I think that it's time to take it out of my wallet, it's time to trade this stuff. I think that this lines-on-the-chart will be the next move.
Don't take this as an invest advice, I only draw lines on charts and want to know if my thoughs will be reality.