Unless something crazy happens, it looks like weβre gonna get a super mega death cross of the 55/220w SMA for the first time in BTC history. We already got the 50/200 but for a moment it looked like the 55/220 May not make it.
MACD is trending down and Stoch RSI is almost maxed out. Something to watch in the coming weeks π
Weβll probably return back down to 19.5k one more time to retest 2017 ATH as support before going higher. Iβm just not watching and going to be stacking no matter the price down here. Only a year until the halving buckle up!
Yeah, I think we at minimum get to the green diagonal between 19-20k. But I fear with all the economic drivers turning negative we may get worse than we bargained for.
But I agree, except have two stacks. One thatβs constant and another that maybe you get a great smash buy entrance.
TA = Voodoo = BS = Useless π
Yeah, thatβs not TA as I donβt think thereβs much βanalysisβ. I just find charts interesting and love finding similar datasets and seeing what happens compared to it. I will say, it saved me at times so to each his own. I just wouldnβt trust anyone else with their analysis unless youβre paying them.
Since all patterns are open to interpretations, two different people, looking at the same pattetn can act opposite of each other making it useless as a price prediction tool. This is especially true with thin market like bitcoin.
Agree and Again, thatβs why I would not trust anyone else and go with your own thoughts since at the end of the day itβs your money that would be lost.
In order for you to be right the person on the other side of your trade has to be wrong. You have a 50/50 shot of guessing right and so does your counterparty. In the long run you are going to be wrong as much as right. The point is just forget about TA and DCA for the long run π
