It's got some hefty overhead to get through first . . .
. . . as well as a fundamental challenge or two to overcome, like the possible banning of miners in China (as you mentioned in a recent post of yours) for example. Got to break the opposing short before I start getting too excited. Most likely bullish scenario IMO ATM is for a break of the opposing 61.8 and then a consolidation above MA and horizontal price support respecting the symmetrical triangle uptrend . . . a stair stepping process up to former highs, but that's probably too textbook, and that rarely happens. 😏 Still though, trading is pretty technical, so it might be something similar.
It looks pretty technical and nice. But you are making mistake in a drawing. When you paint a trending line you should use only opened and closed prices. (old forex school)
Yeah. There are traders that prefer candlestick bodies over the wicks and tails. I usually look at both and try and guage which the individual market is respecting the most.
4000 is a big round number psychological level too. Lots to get through here. The next few days should tell us a lot about intermediate term prospects.
It's got some hefty overhead to get through first . . .
. . . as well as a fundamental challenge or two to overcome, like the possible banning of miners in China (as you mentioned in a recent post of yours) for example. Got to break the opposing short before I start getting too excited. Most likely bullish scenario IMO ATM is for a break of the opposing 61.8 and then a consolidation above MA and horizontal price support respecting the symmetrical triangle uptrend . . . a stair stepping process up to former highs, but that's probably too textbook, and that rarely happens. 😏 Still though, trading is pretty technical, so it might be something similar.
Edit: next station, 3757-3799. 😛
It looks pretty technical and nice. But you are making mistake in a drawing. When you paint a trending line you should use only opened and closed prices. (old forex school)
Yeah. There are traders that prefer candlestick bodies over the wicks and tails. I usually look at both and try and guage which the individual market is respecting the most.
It's an old school to use only bodies. In any way, it is better to make experiments but looks strange for me.
Here's a good one for you where the market is respecting the bodies on our very own beloved STEEM!
Looks interesting. I think it will be interesting for you to read too. I made a small overview of a market cap. I think it is important to follow all the time because the market is a new one. https://steemit.com/bitcoin/@smetana/top-20-cryptocurrencies-get-3-05-market-cap-it-is-94-87-now
4000 is a big round number psychological level too. Lots to get through here. The next few days should tell us a lot about intermediate term prospects.