It might want to touch again the downtrend from here. Crypto might start going down. Let's see what happens when close to the downtrend. You might know how to trade according to the graph.
You can see that DOT closed below the important blue line. This looks like DOT wants to rest at least in the "pink" rectangle, where I plan to buy there. You can see also the uptrend line to know if you can conitnue with the trade or not. Thanks!
I will buy more crypto if the price closes below the orange line. It later closes up again, then I will sell my cryptos. That is, that orange line is my pivot to buy or sell if prices closes below or above
The pink rectangle is struggling the price....lets see if it pops (closes) below or above the pink rectangle ...that should determine whats next
It's very early to draw a downtrend and create this "play area", but we got a B-Verification on koncorde indicator...so, I'll bet on it and create this early triangle
Lets see if this plays out. The big green triangle should be a tough guy to cross :) This is just for fun, dont bet your house on it
I love triangles.....when they are well drawn :) That's the difficult part which I still fail :) For me, this is the current BTC triangle for long/short
My plan is sell on resistance pink rectangle and buy on support pink rectangle. If price closes above or below pink rectangle I will act in consequence. Of course, I can be wrong and I accept it :)
Good support in pink rectangle. You also have the trend line to buy close to it and sell if closes below
USDT dominance is breaking an important level (top of the pink rectangle) and the lower downtrend. Crypto should go down if it closes above. Don't be too loaded of crypto at the moment, my two cents.
Yes, a new layer of resistance appeared after the false break
The price entered back into the triangle....that doesn't look good....at least that it breaks again....but odds are not in the DOT side
You can trade within the triangle...or on the breaks of the triangle
You can trade on the triangle break to make some small percentage gains
USDT.D index at daily support. It's quite likely that this support will hold the price for a while, so cryptos should now start going down...that is, a "minor" dump should be expected in crypto. Well, remember that this is a probability game....and the odds are that crypto should dump now. Thanks!
Hi, The pink rectangle is a good buy zone. BUT...if things are too bullish it won't get there. I have placed different buy zones in lower 5%, 8%, 10% from the highest price as well. That's my plan to get on the train again...as I sold at 22.9 Good luck and try to make trading unstressful :)
USDT.D is at a lower support, we could expect a bounce back to the higher pink rectactle, so cryptos will start dumping a bit. If price closes below the lower pink rectacgle, cryptos will start pumping. I would start buying, I have sold all my cryptos at this point. Right now, I wouldn't buy any crypto and will wait for the break of the lower pink rectactle. Cheers!
If downtrend is broken, target is the pink rectangle. Good luck! My advise: only trade with a small percent of your whole account