Treefort
Panjang

2 week cycle repeating itself

COINBASE:LTCUSD   Litecoin / Dollar
I'm still very new to analysis and not yet actively trading. Just getting practice making calls to see if I'm right. Feedback welcome! I'd love to hear some tips and tricks from more seasoned traders and what you think of my analysis.

Noticed this interesting pattern today. I'm focusing strictly on a 2 week trend and the cloud in this analysis.

1. Yellow box: Tight consolidation pattern coming off the back of a spike.
2. Purple box: Steady downtrend for about 4-5 days.
3. Pink circle: Testing the bottom of the cloud.
4. Yellow box: Another tight consolidation coming off the back of the downtrend.
5. Blue box: Upward momentum bursting through the top of the cloud, followed by some sideways movement before the next spike and cycle.

Where we're at now, we just reached the "Pink Circle" stage. If this plays out like it did around the new year, we'll see some tight consolidation followed by a rise bursting through the cloud.

Will history repeat itself? It will be interesting to find out! I might try to get in if we move into the yellow box of consolidation again.
one thing with crypto is you cant really use previous patterns to predict the future its just way too hard but i see what youre saying here
Balas
Treefort zhraan
@zhraan, Interesting... what are your preferred speculation methods when it comes to crypto?
Balas
zhraan Treefort
@Treefort, following current chart trends and things that have been confirmed, for example you see a support line and it has been tested at least 3 times, this can help you confirm where it could be going next. also in crypto the news is a big factor. most of the crypto investors (id say like 90%) are incredibly emotional noob traders. if you can catch the news and combine it with technical analysis it will help you a lot but thats easier said than done
Balas
Treefort zhraan
@zhraan, thanks for the tips. "the news is a big factor" - yeah that's really proving true this morning haha.
Balas
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Laman Utama Pengimbas Saham Forex Screener Crypto Screener Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar