RACEACEACE BTCUSD Bitcoin XBTUSD Time
I believe that a move at 13:00 is likely. If a move occurs at that time, I believe it would be a correction. At around 22:00 to the early hours after daily open, I believe the price will regain bullish momentum. I do not believe it is wise to enter a short trade until late Thursday as shorters will most likely get stuck in a jam.
I had said earlier that 7400 shorters would most likely get liquidated and should close - that is exactly what turned out to be the case. I need some more time and experience to gain faith in my time based technical analysis method.
I just like many of you am a trader focused on improving my methods. This is just a theory. I am not a wizard of any kind. I am learning about technical analysis using time.
I will leave this post up and use it as an evaluation of my methods. If I am correct, there will be many more opportunities for me in the future as I will be able to use the same method.
For this reason, I will not be taking a trade but instead watching my experiment play out.
On another note, as I said earlier, on the 4 hr chart, If the price remains above the ema 287 and Tema 1000, it is more than likely that the bottom is in. We will be lucky if the price goes back to the 6k’s again. Shorting the 7400’s is now essentially “shorting the bottom” as the price may not break below the 7400’s. Please refer to my bottom chart posted earlier.
I hope my analysis of time continues to prove effective. I hope to continue to share my progress with you all.
Thank you
I had said earlier that 7400 shorters would most likely get liquidated and should close - that is exactly what turned out to be the case. I need some more time and experience to gain faith in my time based technical analysis method.
I just like many of you am a trader focused on improving my methods. This is just a theory. I am not a wizard of any kind. I am learning about technical analysis using time.
I will leave this post up and use it as an evaluation of my methods. If I am correct, there will be many more opportunities for me in the future as I will be able to use the same method.
For this reason, I will not be taking a trade but instead watching my experiment play out.
On another note, as I said earlier, on the 4 hr chart, If the price remains above the ema 287 and Tema 1000, it is more than likely that the bottom is in. We will be lucky if the price goes back to the 6k’s again. Shorting the 7400’s is now essentially “shorting the bottom” as the price may not break below the 7400’s. Please refer to my bottom chart posted earlier.
I hope my analysis of time continues to prove effective. I hope to continue to share my progress with you all.
Thank you
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.