Basic Attention Token / United States DollarCoinbase
Huraian
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9.6.21 My Minimalist Analysis of BATUSD Indicated are key levels of support and resistance using small and large range boxes TO ENTER A SWING TRADE (Short - Long).
Watch out for patterns, EMA, and your Fibs. Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer: The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
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too many indicators are poison.. You were wrong here ... Hopefully your analysis are simple and clean next time.
The_Crypto_Samurai
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@SmartSushant666, I am sorry,I agree that indicators are poison, they are lagging and cannot be trusted. I guess you did not understand the chart or I did not explain clearly on how to use it.
1. BASIC IS the chart is designed for MID to LONG SWING TRADES at the BOTTOM. (I do not SHORT)
2. LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY OR SELL POSITION or an EXIT.
3. INDICATORS are posted for those who wish to use it, but my training is without indicators, thus it is called minimalist. Hence 2nd chart is posted as minimal as possible, showing only areas of ENTRY, TOP-UP, EXIT and MAX TARGET.
4. Looking at the 2nd chart. The market was nearing TOP of LARGE BOX, when this happens a major correction will happen that is greater than the 0.382 FIB RETRACEMENT.
5. As of PAST DAYS, It has entered the ENTRY AREA OF VALUE. That would have been a good entry if you did enter because it hit MAJOR SUPPORT ZONE, the BOTTOM of A LARGE BOX.
6. NOW it has based the bottom of 2 BOXES and must correct back to it, in order for it to PUSH further UPWARDS to the TOP of 1st SMALL BOX.
By experience, this will make a move double its CLIMB that is marked in LIME GREEN LINE.
Anyway, note my disclaimer and I hope I have explained the use of MY MINIMALIST CHART.