No solid confirmation of uptrend
BTC slightly attempts to break 55 EMA on a 30 minute chart, but is rejected with a long wick, which implies that even on higher time frames, it's not possible to be supported by 55 EMA. Also implies that even short term, a short term uptrend cannot break this 55 EMA as support.
We may now test 10K again and if that does not hold, we'll test sub 10K regions.
XRP breaks above the 55 EMA, but is instantly rejected and broke below, which gave a short term uptrend, though downtrend continues further until solid support is identified. Support regions currently stand between $1.12-$1.20. If these regions fail, we will test $1-$1.12 ranges again.
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
Please consider these videos:
Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Let's Learn Laddering
Lesson 11 Let's Learn Time Frames
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Coins mentioned in post:
This is why I like to Buy and HODL.
Long term.
Plus US taxes are a lot lower for 1 year holding versus day trading. about 10-20% less taxes for hodlers! woot!
Its tough to say 100% exactly whats going on with the market. But this gives us more info as time goes by as to what we can keep expecting from BTC USD market.
You're probably already aware but if mainstream media tells you Bitcoin is "dead" you buy it.
And if they start telling you to buy a coin... like Ripple, that's probably the top.
Sell that coin.
That is not the time to be buying.
Hey, I'm not sure if you have seen my previous comment so I am going to ask again.
Where can I reach you? There is no PM on steemit / twitter.
Sorry I'm not too interested in doing any 1v1s at the moment. Very pressed for time.
what about a possible inverted head & shoulders pattern on the 4h chart ?