Markets are simple if you think about it.
rule: break outs always must coincide with 200dma rallies.
Bonus.
keeping it simple.
P.S. this method shows why odds favor BTC reversal. Or why 110/120k had to be peak point. for now.
- moderate and long range resistance -- is the best odds for rally.
- "horizontal" or 50-50 supports -- risky.
- steep supports mean high demand, strong trends. Buying at such supports, at worst it bounces to the upside. (High market with strong trend can mean reversals)
rule: break outs always must coincide with 200dma rallies.
Bonus.
- High market, strong trend -- best odds for reversal.
- 50-50 resistance, with weak support --> trickster market. (trap)
- strong trend but no flying 200dma --> trap.
- 50-50 resistance with strong trend, high market, but weak 200dma ---> good odds for reversal.
keeping it simple.
P.S. this method shows why odds favor BTC reversal. Or why 110/120k had to be peak point. for now.
Note
Nov 25th: Spot on.high price, 50-50 resistence, "strong trend" -> reversal
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
