Hello guys, I'm new to trading crypto or trading in general. actually, I don't trade much for now. I found myself interested in charts and I like to watch them. here is my first actual TA, bear with me if it looks funny because I know it does.
am I doing this even right? Or using two patterns in one area is a bad idea? just wanted to hear some opinions so I can get better at this. any advice is appreciated in advance.
Thank You.
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well, the chart still looks the same. most importantly the decline in volume is still going on. it's a bearish sign because from point (1) we have a slight upward trend in price but the volume is in a constant decline. on the other hand, the RSI not showing any sign of "Over Sold", so still there is a good chance it will go down again.
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looks like sell-off started. i don't think 200 can hold it. maybe 194-196. in addition to that, BTC is diving again. ETH didn't follow accordingly. but i think it will. RSI still now showing Oversold in 4H, but in 1H it does. still going down in my opinion.
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190 can hold it or we head down to 180? (these are not major support levels. these are 0.38 and 0.23 levels of last trends fib retracement.)
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That's not actually that bad for a first timer, close enough. :D
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