Care to expand any further or are you just going to talk in one liners?peer-reviewed research
TA is great at predicting things after they happen
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Care to expand any further or are you just going to talk in one liners?peer-reviewed research
TA is great at predicting things after they happen
i'm goodCare to expand any further or are you just going to talk in one liners?
Any comment on key moving averages where a lot of buy/sell orders are setup, so can help identify support/resistance levels?i'm good
their only limited use is to contextualise fundamental factorsAny comment on key moving averages where a lot of buy/sell orders are setup, so can help identify support/resistance levels?
Understanding where S/R levels sit isn't trying to predict anything, it just helps to understand spots to place buy/sell orders depending on the situation. The risk metric I posted is just a measure of risk appetite, but you also need to support that with other data e.g. not long after those peaks in risk, the 10 year US bonds tend to have sharp daily increases and help to confirm that some further downside is coming in the riskier assets like crypto.their only limited use is to contextualise fundamental factors
on their own technical indicators hold no predictive value
tldr; TA has no predictive valueUnderstanding where S/R levels sit isn't trying to predict anything, it just helps to understand spots to place buy/sell orders depending on the situation. The risk metric I posted is just a measure of risk appetite, but you also need to support that with other data e.g. not long after those peaks in risk, the 10 year US bonds tend to have sharp daily increases and help to confirm that some further downside is coming in the riskier assets like crypto.
You also need to pay attention to news events at the time as well to understand whether macro factors are driving the markets, such as the FOMC meeting today in the US that was the trigger for institutions to 'Risk Off' in early November and move to things like 10 year bonds.
I have no idea why you bothered to post in this thread if you weren't willing to have a discussion about your views.tldr; TA has no predictive value
noticed that nobody was pointing out the obvious, is allI have no idea why you bothered to post in this thread if you weren't willing to have a discussion about your views.
TA is just one tool to help make decisions in financial markets, of course fundamentals and global news events are also important. The moving averages just help me identify support and resistance levels without drawings 30 lines on a chart, I’m not trying to predict the future price with them.noticed that nobody was pointing out the obvious, is all
someone clicking on this thread might make the mistake of giving TA more credibility than horoscopes and flat earthism
Nonsense. Plenty of good traders make a living using TA.noticed that nobody was pointing out the obvious, is all
someone clicking on this thread might make the mistake of giving TA more credibility than horoscopes and flat earthism
Price has bounced between the 50 week SMA and EMA for a week or so now. Lose the EMA and I'll get worried. The biggest selling pressure is coming during Asian trading times for the past couple of months (likely due to Huobi shutting down their CEX and Evergrande), but their selling appears to be slowly tapering off in the last couple of weeks. This just feels like another 2-3 month accumulation period, similar to June-August.We lost the 50 WMA on BTC which is never a good sign.
Thinking it's likely we drop to that $45,5 line you have in the next 36 or so hours? Im thinking we might go lower to at least 44 but hoping for a quick recovery. EOW/EOY might see some serious dumps.Horizontal lines are far more reliable indicators of support and resistance than diagonal lines.
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44-45ish is where the 50 week EMA sits and generally acts as the last support level in a bull cycle. If there is no quick bounce here we lose 40 I reckon.Thinking it's likely we drop to that $45,5 line you have in the next 36 or so hours? Im thinking we might go lower to at least 44 but hoping for a quick recovery. EOW/EOY might see some serious dumps.
Not sure about timelines. There's a high probability that we hit that low, but we've come close already so it's probably not a good time to sell now. We should get a reaction around 45.5 if we get there.Thinking it's likely we drop to that $45,5 line you have in the next 36 or so hours? Im thinking we might go lower to at least 44 but hoping for a quick recovery. EOW/EOY might see some serious dumps.
I'm not selling, but agree retail isnt buying and neither are whales. Ive got more into the rabbit hole of defi, so much so moving almost 1/3 of my holdings into the Tombverse, and splatterings on Time.Not sure about timelines. There's a high probability that we hit that low, but we've come close already so it's probably not a good time to sell now. We should get a reaction around 45.5 if we get there.
I think the high is in for this cycle. RSI was lower at 69k compared to the previous swing high at 65k. Volume has dropped off. Retail isn't playing.
The most bullish case I can make is that 69k gave us a higher high than 65k. If we get a third top above that in this cycle, that would be a good time to look for the exit gates.
Whales are definitely still buying and haven’t stopped since the November low. 2nd largest wallet has also been buying heavily since then as well. This is why I’m still confident this is simply another accumulation phase of this bull cycle like June-August.I'm not selling, but agree retail isnt buying and neither are whales. Ive got more into the rabbit hole of defi, so much so moving almost 1/3 of my holdings into the Tombverse, and splatterings on Time.
I'd be happy to range around 40-55k for months.
Who said TA doesn't work? We bounced $120 from my support line.Horizontal lines are far more reliable indicators of support and resistance than diagonal lines.
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