First, acknowledgement to Trading Shot post (linked below) which influenced me on some of my 50/200 MA calculations and understanding (and hopes!):
Thank you Trading Shot
Factors I'm watching:
LTC as a leading indicator - which I've been doing for about 2 years.
Standard Fib ratios. .618 my favorite and coincides with red TA line (discussed below). I personally love it when the big players pierce the Fib lines for psychological reasons.
Basic TA lines - note the red support line - which is supportive of the previous BTC 200/50MA scenario.
10/20 Day MA correlation. Really weak right now. they run almost parallel - for some time now.
Note: I'm always long on BTC (since this time last year), but my chart, in its current form, supports the thesis of a dip (not 'crash') this summer. However, I will readily admit, that if BTC spikes, I'll be seeking to catch and buy in FOMO'sih. I'm talking small amounts, as, I'll want a bit more - just in case BTC breaks the massive resistance indicated by my grey shading.
My buy areas are green ovals. I always have discretion to not buy, based on Human Factors, news, gossip, FUD, etc. Those ovals are guides and visual reference points only.
Thank you Trading Shot
Factors I'm watching:
LTC as a leading indicator - which I've been doing for about 2 years.
Standard Fib ratios. .618 my favorite and coincides with red TA line (discussed below). I personally love it when the big players pierce the Fib lines for psychological reasons.
Basic TA lines - note the red support line - which is supportive of the previous BTC 200/50MA scenario.
10/20 Day MA correlation. Really weak right now. they run almost parallel - for some time now.
Note: I'm always long on BTC (since this time last year), but my chart, in its current form, supports the thesis of a dip (not 'crash') this summer. However, I will readily admit, that if BTC spikes, I'll be seeking to catch and buy in FOMO'sih. I'm talking small amounts, as, I'll want a bit more - just in case BTC breaks the massive resistance indicated by my grey shading.
My buy areas are green ovals. I always have discretion to not buy, based on Human Factors, news, gossip, FUD, etc. Those ovals are guides and visual reference points only.
Uwaga
possible FOMO buy zone....
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.