Bi-Weekly /r/ETHInsider Discussion - November 21, 2017

tag, u/bitonat

Sorry, gents. What is being illustrated are ideal trajectories for bears to take in order to take the price away from bulls. That is to act fast and get the price under the 3 support levels (strong one at aligned hlc3, close, embryos, and tight highs and lows; the tenkan; and the kijun). From there, a possible slow price drop to the cloud may occur. This would last from ~4-8 periods. What they don't want to do is run into that hill because as time passes and the price consolidates, that would suggest support for current price action and direction. All those lines are going to be a pain to get through. Those are moving averages, aligned price indicators, deep local bottoms, and price bounces on strong volume.

I don't mind sharing. I am not currently trading BTC. I thoroughly enjoy technical analysis and how everyone does it a bit different and also a bit similar. There are no magic cards, ace-in-the-holes, are wildcards. Reason and rational "price theory" is what should matter in addition to and ideally fundamentals and the sentiment of the big players; not guppy retail investors like me.

/r/ETHInsider Thread Parent