For those of you who don't know what a squeeze is, it is "when falls to low levels and the narrow. According to John , periods of low are often followed by periods of high . Therefore, a contraction or narrowing of the bands can foreshadow a significant advance or decline. Once the squeeze play is on, a subsequent band break signal is the start of a new move. A new advance starts with a squeeze and subsequent break above the upper band. A new decline starts with a squeeze and subsequent break below the lower band."
A break back into the , will signal a miserable failed breakout attempt, and smart money will probably rush for the exit, prompting a rapid decline. On the downside, there is slight support at 450, but a break below that would send TRX/BTC into a state of freefall, because of a lack of downside support. If the top of the channel is held, the moving averages just overhead, and the 78.6% retrace, should act as heavy resistance.
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Please follow, comment, like, and share on social media. Good luck trading everyone!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-MPC loves you-
I am not saying it is easy to see what will happen, my strategy is not on the chart, it is so more complex then what it is there.
Well, if predict BTC's direction was easy then everybody would get rich, but this is not reality; in this crypto trading world some win a lot and some lose a lot.
In addition, it is even harder when you post a prediction and offer your face to get hit, because in this market everything is possible. But there are many ways of looking the same graphic, and that's one thing i love about it.
I try to put my feeling away from this world, also my eyes are seeing something very different from yours, but this is a good thing, otherwise, if everybody had the same view, this world would not exist.
Thanks for following.
Good Luck. Good Profit. All in.
I agree with all the points you make, except for... anyone (such as yourself), who offers their opinion (and it is just an opinion), for free, with charts and good solid reasoning to back it up, must be thanked. Those opinions shared by you & others are gratefully received, regardless of whether those opinions are ultimately followed. So, I guess I disagree that by putting your name to your opinion, you put yourself out there for "your face to get hit", as you put it? There's no way around it, we MUST all take ultimate responsibility in our judgement calls and our own research, (etc etc...yada yada...). There. Just sayin', that's all. :-)
So, thank you, and good luck
Bullish signals have pretty much evaporated (at least, some have, anyway)
So this is why I am trying to come up with a new way of trading perspective. All the strategies that I tried learning and looking around gave me at most 60% of profit probability; to me, that is almost a gamble, as 50% - 50%.
Well, market is like this my friend, on 60 seconds, everybody could change their ideas.
The main thing here is to try to understand what the heck is going on in this crazy market, from a high altitude point of view, inside the waves we can never see where the sea will lead the price.
GOOD LUCK. GOOD PROFIT. ALL IN.