People tend to oversimplify or overcomplicate charting and don't know that #priceaction is the key to understanding it.
In this thread I share my most valuable insights I have taught myself about #charts for #trading.
@truflation Hello @truflation, I have a genuine question. From the percentage value I gather this is the YoY data.
Isn't a index from a fixed base like 2000 = 100 more insightful?
A current decline in inflation may be more due to a large rise form last year.
@zerohedge Dows anyone know where ZH get this data from?
(I know you can subscribe to level 2 CME data, but there must be some website with this chart).
#Bitcoin has just hit resistance!
Shit coins popping left and right and rising sentiment making me feel quite comfy with this short.
$BTC can go either way as always.
#BTC#Crypto
#Bitcoin broke out of the range. As expected it didn't hold.
Currently rejected of first resistance area. I prefer the higher one.
Don't put trust in that magic trendline. It's worth nothing.
Read my pinned thread
#BTC $BTC #Crypto
https://t.co/mR5lsvLGHu
#Bitcoin hit my long and obliterated my shorts.
I'm now looking for a mini higher high into resistance.
Can go higher.
#BTC $BTC #Crypto
https://t.co/6mNLXsREZT
Recoup of last post.
We did see one more move that was pushed back immediately. Unfortunately for that short price pushed higher.
It's common for #Bitcoin to make one more wick into liquidity before reversing. Didn't work this time.
https://t.co/mR5lsvLGHu
#Bitcoin hit my long and obliterated my shorts.
I'm now looking for a mini higher high into resistance.
Can go higher.
#BTC $BTC #Crypto
https://t.co/6mNLXsREZT
#Bitcoin hit my long and obliterated my shorts.
I'm now looking for a mini higher high into resistance.
Can go higher.
#BTC $BTC #Crypto
https://t.co/6mNLXsREZT
#Bitcoin wicked just above my stop-loss, support is still open.
On Ethereum the was exactly the same set-up of which both resistance and support played out perfectly π
#BTC not making a clear higher high isn't a sign of strength.
#ETH $ETH $BTC
https://t.co/MMWMDyPNeO
#Bitcoin wicked just above my stop-loss, support is still open.
On Ethereum the was exactly the same set-up of which both resistance and support played out perfectly π
#BTC not making a clear higher high isn't a sign of strength.
#ETH $ETH $BTC
https://t.co/MMWMDyPNeO
Higher time frame down trend.
Upward liquidity grap not unlikely IMO
In current range still a few trades.
Also real low time frame trades.
#Bitcoin#BTC $BTC #XBT#Crypto