(2/2)
Now you get excited and repeat the process over and over again. Progress keeps you motivated and eventually you break the bars, one after another.
Now we have 3 options:
1 (green): you chew through the bars and eventually escape (break the $67.400 level. (Ascending triangle, bullish breakout)
2. (blue):you chew through the bars but you lose so many teeth in the process that you literally have to give up before you make it (break down of the ascending triangle)
3. (red) you chew through the bars and right when you finally make it and want to escape, your owner notices you and beats the shit out of you and puts you into a new cage. You need a long time to recover (bull trap fakeout)
This might sound pretty stupid but TA is more than just drawing lines. You draw lines and interpret them and this helps you a lot to understand the price action and draw conclusions on the upcoming trend.
I hope this degenerate explanation helps. Understand the charts, where are you and what trend follows from that.
Now you get excited and repeat the process over and over again. Progress keeps you motivated and eventually you break the bars, one after another.
Now we have 3 options:
1 (green): you chew through the bars and eventually escape (break the $67.400 level. (Ascending triangle, bullish breakout)
2. (blue):you chew through the bars but you lose so many teeth in the process that you literally have to give up before you make it (break down of the ascending triangle)
3. (red) you chew through the bars and right when you finally make it and want to escape, your owner notices you and beats the shit out of you and puts you into a new cage. You need a long time to recover (bull trap fakeout)
This might sound pretty stupid but TA is more than just drawing lines. You draw lines and interpret them and this helps you a lot to understand the price action and draw conclusions on the upcoming trend.
I hope this degenerate explanation helps. Understand the charts, where are you and what trend follows from that.
DiveInDefi
(2/2) Now you get excited and repeat the process over and over again. Progress keeps you motivated and eventually you break the bars, one after another. Now we have 3 options: 1 (green): you chew through the bars and eventually escape (break the $67.400…
With coin it is literally the case 2 right now: bears have tried to push coin down this $200~~ support range but seems like they gritted their teeth.
DiveInDefi
$PSP also on resistance, pierced it alread. Expecting a next leg up here as well.
Some that have been longer here know that I am fundamentally bullish on aggregators.
$PSP has performed super bad as they had an exploit. They reimbursed ppl that have been affected but of course this killed the vibe. I am long-term into this and just hope they survive.
I DCAed here a bit.
$PSP has performed super bad as they had an exploit. They reimbursed ppl that have been affected but of course this killed the vibe. I am long-term into this and just hope they survive.
I DCAed here a bit.
DiveInDefi
69k next
69k is the real test and most important resistance to fully flip bullish
Forwarded from Binance Futures Liquidations
🔴 #ETHUSD_240628 Liquidated Long: $142K at $3470.14
Forwarded from Binance Futures Liquidations
🟢 #BTC Liquidated Short: $136K at $69910.40
Capo literally making money longing and ppl have been bearish as hell for the past weeks. Unreal
Forwarded from CryptoCapo TG
ETH update
Nice move, trying to break the $3,300 resistance.
Nice move, trying to break the $3,300 resistance.
DiveInDefi
Is tradingview or binance down?
Haven‘t had Binance down in a while. Lately it used to be Coinbase