@CastilloTrading Clearly a descending triangle pattern. At the top of a near weekly double-tops with strong RSI divergence, this is not a good sign. A break below 100k would be a really bad sign.
@realsamseiden 1, because the strong rally candle met strong sell force, creating a significant battle represented as a short range before falling down. The range here represent a strong supply zone
I've finished reading the "Autobiography of an Yogi", and its struck me that Babaji, the great guru, instructed his great diciple to go to the US, instead of any other country in the Europe, to teach yoga and its way of life. I think God created the US to be the new pilar of the Western culture, and he protected @realDonaldTrump to save the US, and the whole West. I myself alone supported him since 2016, and again in 2020 and 2024, because I see him as such. And I'm not even from the west.
@PeterLBrandt Most of my consecutive loses happened while I was so sure that I was right. As soon as I accepted that I was wrong about the market, I found my biggest wins.
From my own experience, fading a trend based on RSI divergences, or any other kind, is because of impatience. Instead of waiting for a correction to trade the prior trend, it's quicker to fade it. That's why I took so many losses going against the trend. Just removed divergences trading from my system last week, and the result improved instantly.
@TechCharts After a long time observing, I finally removed RSI from my charts, and the the result improved almost immediately. I used to take many losses trading RSI divergences. Thank you for pointing this out.
@TechCharts I was one of them, lol. Then I debate on one of your post regarding BTC, then bought the book. Now that's one of the most profitable patterns I always look for. Thank you !
@PeterLBrandt I traded futures for over 2 years, just enough to get by, lots of stresses, not worth it. Earn a lot more investing in stocks and spot. Anyway, it's still helpful to understand TA, charting and supply demand in a much shorter timeframe than investing.
@PeterLBrandt Peter asked about XRP & SOL on 26th May, I believe he was considering XRP to be breaking out soon then, as I was and replied. I bought XRP at 2.3$ in June after seeing his post. Thank you @PeterLBrandt.