So this would be my first chart just to preface any expectations going into this review. That being said I'm not claiming any expertise, actually, I'm claiming the contrary to exactly that.
These are just my thoughts on the matter and hopefully a more experienced individual can point out to me where I went wrong so that one day, I can remove that first part.
Looking at
BTC
we see a heavy sell off right around the big 12K resistance mark. Now I'm feeling like I'm going to eat my words here and say that she's not done rallying just yet. Key word is yet, right now were sitting pretty on that trend line and I'm really hoping that it doesn't break down much further. The 150 EMA is marked in (light-ish blue) and is currently being tested. Right below it is the 185 EMA and then below that is the 300. Granted EMA's don't mean much, I think other people use them and that gives me confidence of there slight relevance.
The story here is that we seem to be battling those trend lines, if we do break out of them significantly I would say watch out for a bounce back between the 185 EMA and the 300 EMA. If those don't give support then I guess I'll just burn everything and then wait another couple of months before I can start trading again. Not to be dramatic but I just haven't gotten that far in my analysis(guessing).
Also if you think that I'm looking too close, understand that I used really short intervals(candle sticks) to illustrate that bottom support line to outline a small trend that is part of a larger trend that has been the rally-ing of BTC.
All in all I'm really just posting this chart to get something out there and get started here on tradingview.
These are just my thoughts on the matter and hopefully a more experienced individual can point out to me where I went wrong so that one day, I can remove that first part.
Looking at
BTC
we see a heavy sell off right around the big 12K resistance mark. Now I'm feeling like I'm going to eat my words here and say that she's not done rallying just yet. Key word is yet, right now were sitting pretty on that trend line and I'm really hoping that it doesn't break down much further. The 150 EMA is marked in (light-ish blue) and is currently being tested. Right below it is the 185 EMA and then below that is the 300. Granted EMA's don't mean much, I think other people use them and that gives me confidence of there slight relevance. The story here is that we seem to be battling those trend lines, if we do break out of them significantly I would say watch out for a bounce back between the 185 EMA and the 300 EMA. If those don't give support then I guess I'll just burn everything and then wait another couple of months before I can start trading again. Not to be dramatic but I just haven't gotten that far in my analysis(guessing).
Also if you think that I'm looking too close, understand that I used really short intervals(candle sticks) to illustrate that bottom support line to outline a small trend that is part of a larger trend that has been the rally-ing of BTC.
All in all I'm really just posting this chart to get something out there and get started here on tradingview.
評論:
Looks like were staying in that channel after all!! Hopefully no curve balls from here to 12K