Look at the chart and ask Yourself
- Hey, how do You think where price of BTC 0.88% is most likely gonna stop and reverse?
“Oh, I like trend lines and I see weekly chart and I see that BTC 0.88% proved this as I strong support in a past so this time it will hold my lovely BTC 0.88% as well.”
I tell You something - stop lying to Yourself - BTC 0.88% pierced trend line last week and is struggling to climb above this week so most probably price going down.
“Oh I like Moving Averages and I see that 50 MA ( yellow line ) is holding price so BTC 0.88% will bounce and fly off to the moon.”
I tell You something - stop lying to Yourself - MA is a very poor price indicator, in fact MA is just average of past price. If You take 50MA it will show You average price of 50 past candles close. Nothing more, nothing less. No magic there.
“Oh I like Resistance and Support and by the look on the chart I see that my nearest support is around 5800 - 4800 level.”
I tell You something - keep on like this and one day You will star making money without asking people - is it a good time to buy?
Support and Resistance is good indicator of price movement. If You add volume which shows that not much has been sold so far You soon realize that next stop for BTC 0.88% is 5800.
For those who hope - see You on the MOON
- Hey, how do You think where price of BTC 0.88% is most likely gonna stop and reverse?
“Oh, I like trend lines and I see weekly chart and I see that BTC 0.88% proved this as I strong support in a past so this time it will hold my lovely BTC 0.88% as well.”
I tell You something - stop lying to Yourself - BTC 0.88% pierced trend line last week and is struggling to climb above this week so most probably price going down.
“Oh I like Moving Averages and I see that 50 MA ( yellow line ) is holding price so BTC 0.88% will bounce and fly off to the moon.”
I tell You something - stop lying to Yourself - MA is a very poor price indicator, in fact MA is just average of past price. If You take 50MA it will show You average price of 50 past candles close. Nothing more, nothing less. No magic there.
“Oh I like Resistance and Support and by the look on the chart I see that my nearest support is around 5800 - 4800 level.”
I tell You something - keep on like this and one day You will star making money without asking people - is it a good time to buy?
Support and Resistance is good indicator of price movement. If You add volume which shows that not much has been sold so far You soon realize that next stop for BTC 0.88% is 5800.
For those who hope - see You on the MOON