Here's what's up. Late last night we had two tests of the 100% fib at 6582. Rejected both times (yellow circles). Next came a beautiful retracement to the 38.20% fib at 6360 (purple circle). Hit it perfectly, sadly I was only tethered for this drop and not leveraged.
So now we're rising on low volume and doing price discovery around 6500. In my opinion we will rise to test the 100% fib at 6582 once again, and will be REJECTED harder than you were all throughout high school.
Full retracement to the 23% fib WILL occur(poo brown circle). I am calling this to unfold over saturday/sunday. hope this helps a bit.
who cares desu. just buy and hold the fucking coins.
Owen Garcia
There is a time and a place, it's not here though. big money is channeling us from 6100-6900 and accumulating as much as possible. we should be doing the same. short dips and save fiat. the ETF pop will be so quick, no one will be ready.
Dominic Sanders
I suppose since that's the case, there's no reason to shill by bags. See you at the bottom. Happy scalping.
Aiden Bailey
Ok, but do you have a plan B prediction in case it does break the resistance?
I'm buying alts if it breaks resistance cause that means we'll test 7100 and the whole market would react well to it breaking this 6600 wall.
Oliver Perry
The more complex the TA is, the less likely it is to work. This is little more than a bunch of hobblygook nonsense, like astrology for autists. The only TA worth paying attention to is: >price action >volume >resistance and support lines >basic patterns that everyone knows like flags, pennants etc.
Ryder Young
gimme the rundown on volume m8
Kayden Parker
Whats the maths on this? Show proof of your work/answer in written form.
Luis Taylor
So you can increase your stack u brainlet
James Richardson
It's pretty simple. Volume spikes indicate potential price movements in the same direction in the near future. You can also use volume to call bottoms, resistance zones etc. here's an example where I used volume to predict the local bottom back in February. If you leverage longed there you would have made a boatload of money.
Also I forgot to mention moving averages. I've noticed the default ones that binance charts use (7, 25, 99) are respected quite often.
Parker Thompson
Thanks for the advice, that's interesting. What about declining volume on a dump/pump? Declining volume while going sideways? Increasing in both situations?
Eli Peterson
I'll agree with this as long as the volume stays like it is. A bart could blow it right through easily though.
It really depends on how much volume there is. Rapidly declining volume on low volume shitcoins as they decline or move sideways in price just means they're dying and will rely on whales coming into the picture before things pick up again. A good example is Nano, the ultimate whale manipulated coin. If I was a gambling man I'd be buying me some nano about now for some short term profits.
You guys are worse than fucking tarot card readers I swear
Jordan Evans
Doesn't look like a good entry point. It's all a big crapshoot anyways when everything is tied to bitcoin and being pumped and dumped all the time though. That's why I don't day trade.
Cameron Green
>tfw got 100k on the tip of that spear there :^)
Lincoln Roberts
Is that HOLO? TA is irrelevant if that's the case. Pure dice roll.
Angel Torres
n-no
Brandon Peterson
ta dont work in crypto faggot
Jordan Butler
OP don't tell them, just let them play on the idiotic bullrun trap and make money out of them, its the easiest rule in crypto trading.
