Topic: Daily Chat Analysis Tested By Mathematics (Read 125 times)
''Mathematics'' meaning using the RSI and maybe some MA's? What kind of technical analysis is this? You can't predict anything just using the RSI, come on man..
Bitcoin Outlook on the 4HR, Weekly and Monthly.
4HR - https://twitter.com/P1ivotology/status/1060487979834269696
Weekly - https://twitter.com/P1ivotology/status/1060488955890679808
Monthly - https://twitter.com/P1ivotology/status/1060488668962533378
Notes to accompany today's CRYPTO charts....
- Prices are pulling back, and not really unexpected having seen RSI turning over during the day on the BTC 4 hour chart.
- Pull backs are fine, so long as they hold supports below. In most cases, we're seeing a backtest of the 50ma and given it was such tough resistance throughout the bear market, it would be good to see it hold. I'd use that as a first area to add or reduce positions. There is still the 9ma in all cases as an additional support level too
4HR - https://twitter.com/P1ivotology/status/1060487979834269696
Weekly - https://twitter.com/P1ivotology/status/1060488955890679808
Monthly - https://twitter.com/P1ivotology/status/1060488668962533378
Notes to accompany today's CRYPTO charts....
- Prices are pulling back, and not really unexpected having seen RSI turning over during the day on the BTC 4 hour chart.
- Pull backs are fine, so long as they hold supports below. In most cases, we're seeing a backtest of the 50ma and given it was such tough resistance throughout the bear market, it would be good to see it hold. I'd use that as a first area to add or reduce positions. There is still the 9ma in all cases as an additional support level too
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