Hi guys,
I will share my view on the current market, and tell you what I personally do.
This said, I am a hobbyist, so this is not a financial advice.
This will be quick, simple and without ambiguities.
WHAT TO DO
Those support and resistance lines are very important.
If prices breaks from the top green line, go long or buy.
If prices breaks from the bottom red line, go short or move to USDT.
Do not forget your protection stop.
More or less useless TECHNICAL ANALYSIS - WHAT TO EXPECT
Margin Traders
On Bitfinex, there are clearly more shorts opened meaning the global mood is bearish.
Rsi Divergences
You know my Rsi indicator, that's two long signals in a row !
3 EMAs
A very rare 200 and 50 days EMA cross. However we can see the volume is decreasing (at least on Coinbase) and that this cross doesn't look quite convincing, it's rather already slowing down to reverse like in May 2018.
CONCLUSION
We have both bullish and bearish indicators. Just wait which support or resistance is broken and follow the sheep herd.
INDICATORS USED
![Cyatophilum Bands Pro Trader [ALERTSETUP]](https://s3.tradingview.com/v/vMRLSnCt_mid.png)
![Cyatophilum Margin Traders [INDICATOR] [ALERTSETUP]](https://s3.tradingview.com/p/p7rg7T3o_mid.png)
FREE
![[FREE INDICATOR] Cyatophilum Relative Strength Index DIVERGENCES](https://s3.tradingview.com/e/eNasgNGd_mid.png)
Good luck !
I will share my view on the current market, and tell you what I personally do.
This said, I am a hobbyist, so this is not a financial advice.
This will be quick, simple and without ambiguities.
WHAT TO DO
Those support and resistance lines are very important.
If prices breaks from the top green line, go long or buy.
If prices breaks from the bottom red line, go short or move to USDT.
Do not forget your protection stop.
More or less useless TECHNICAL ANALYSIS - WHAT TO EXPECT
Margin Traders
On Bitfinex, there are clearly more shorts opened meaning the global mood is bearish.
Rsi Divergences
You know my Rsi indicator, that's two long signals in a row !
3 EMAs
A very rare 200 and 50 days EMA cross. However we can see the volume is decreasing (at least on Coinbase) and that this cross doesn't look quite convincing, it's rather already slowing down to reverse like in May 2018.
CONCLUSION
We have both bullish and bearish indicators. Just wait which support or resistance is broken and follow the sheep herd.
INDICATORS USED
FREE
Good luck !
Nota
Looking like it's going up guys, resistance broke, bullish candle, there we go !Nota
I will show BNB Trade later today
🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🔥Get the Cyatophilum Indicators today and automate them on Binance! => blockchainfiesta.com/strategies/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.