Everything is dumping again, wow

I think we'll be OK.
The 200MA on the 4h chart looks like it's turned into support for the first time in a while. I'm gonna wait a few more hours for confirmation, but if it holds, that would be a positive sign.

Attached: XBTUSD_ 6482.0 ▼−1.65% — bb+rsi+ma — TradingView.png (1238x1253, 519K)

oh fuck. I need to buy in.

Can you guide a retard through getting to that conclusion from all the crazy shit happening in that graph?

not an argument

Attached: DERO.png (800x496, 548K)

How about supply just spiked like crazy on cmc, devs are dumping? Retard

>devs are dumping
Isn't going to happen.

Attached: DERO.jpg (774x866, 141K)

Be careful on entry. It's dipped a bit since my first post. However, the 5m chart is about to show some bullish divergence. There could be a nice entry there.

On bigger time frames, the 6h chart shows a potential bullish setup forming. I wouldn't expect any big breakouts in either direction yet though.

I noticed that when the price came down to where the 200 period moving average was, a lot of buyers came in. That's potentially support if it holds and price reverses from around here (6450+).

I cleaned up the chart a bit to make it more clear.

A lot of it was coming from this script which I recommend.

tradingview.com/script/vObmEraY-Open-Close-Cross-Strategy-R5-revised-by-JustUncleL/

Attached: XBTUSD_ 6473.5 ▼−1.78% — bb+rsi+ma — TradingView.png (1238x1204, 266K)

Here's something cool that was shared in the BitMEX chat a few months ago.

tradingview.com/chart/KpTlRDb9/

Fuck that reminds me of when I was bearish in April, ate an edible shorted 100 btc, was up 3btc, went back to sleep and woke up to the biggest fat fucking green dildo ever. Made me quit weed which was nice.

If you're new to technical analysis, I recommend going to babypips.com/ to learn. The heart of my trading strategy is divergence:

babypips.com/learn/forex/divergence-cheat-sheet

When I first started trading, I wish someone would have shown me this.

Pls sir tell us how to get those short/long signals sir
[spoiler]holy shit that’s somehow more accurate and frequent than my EMA crosses[/spoiler]

This thing is magical.
tradingview.com/script/vObmEraY-Open-Close-Cross-Strategy-R5-revised-by-JustUncleL/

Thanks alot dude. Looking at the results, it gives way more entry signals than the EMA crosses I use and can potentially save me from getting JUSTed when using leverage

>meme lines

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I wish I would've stuck to 10x leverage and lower.
I started using 25x, and there were a lot of positions I had that weren't "wrong", but 25x didn't give me enough room for error, so an inverse bart would hit my stop loss. Then it'd bart back up, and it stung. I would have had those profits had I used less leverage.

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>shitcoins down -2%
>Everything is dumping again, wow!!!!!
this is why Jow Forums is the worst board to browse if you've actually want to make it. too alarmist. and i say that as someone who reads zerohedge, the most alarmist news site.

>doesn't use stop loss
retard, and you deserve it.

trips of truth

Attached: 88.jpg (600x778, 47K)

One other thing that helped me a lot was Mark Douglas' work on trading psychology. It's fascinating stuff.

youtube.com/watch?v=LA1hEZPh8rU

Out of curiosity, what periods do you use for your EMA crosses?

Oh yeah, I totally deserved it. I accidentally set my stop loss that night as a limit only order.

I hate living

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youtube.com/watch?v=_VK_RLS8db8

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i post several times daily on here that btc will test 5800 again before a breakup up or down... no one ever fucking lissens.. i guess not everyone can be rich as fuck like me/make it