Hi,
My very first TA, voluntarily simple. I'm not a big fan of TA but I wanted to give a try, so be gentle with a newcomer in TA.
Basically, I consider it is possible for BTC to continue up once at $370 - with probably some overcorrection going first, so that a buy at $360 could make it.
TA. I'd appreciate you tell me why you think it is plausible or what is lacking in it, for education.
Thanks.
Hi,
My very first TA, voluntarily simple. I'm not a big fan of TA but I wanted to give a try, so be gentle with a newcomer in TA.
Basically, I consider it is possible for BTC to continue up once at $370 - with probably some overcorrection going first, so that a buy at $360 could make it.
TA. I'd appreciate you tell me why you think it is plausible or what is lacking in it, for education.
Thanks.
Hi!
Not sure you should do TA on a retrace. What does it mean: where does it give resistance, what trend does it uncover?
Also, I don't see the support in the bottom line. You could try drawing one from that 316 bottom, consider your starting point as a failed downward breakout, and keep the second support in your line. But I think it's weak support, with no volume behind the bottoms.
Have fun!:)
Thank you aspa! Your feedback helped me immensely. Now I know a little bit more how much I don't know
