I start with the following question to all chart lovers.
Do you know anyone who traded someone else's so called magic method and made money ?
Be careful and learn to do your own analysis as well as calculate your REWARD/RISK and the appropriate position size.
Here is the weekly bitcoin chart with lots of short term swings and roundabouts.
Can you see a trend ? There is one and that is FLAT/CONGESTED. Moving average also tells us that.
Which way will it go next ? If it fails at current levels look down to its March low if it breaks out to the upside look at it's June 2019 high.
GL
This Analysis is for EDUCATIONAL PURPOSES ONLY.
Do you know anyone who traded someone else's so called magic method and made money ?
Be careful and learn to do your own analysis as well as calculate your REWARD/RISK and the appropriate position size.
Here is the weekly bitcoin chart with lots of short term swings and roundabouts.
Can you see a trend ? There is one and that is FLAT/CONGESTED. Moving average also tells us that.
Which way will it go next ? If it fails at current levels look down to its March low if it breaks out to the upside look at it's June 2019 high.
GL
This Analysis is for EDUCATIONAL PURPOSES ONLY.