Fingers crossed mate, but it looks a great position to long from. I can’t believe how bad that PayPal chart looks though haha
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Charts/TA
- Thread starter MirosWife
- Start date
- Tagged users None
- Jun 14, 2013
- 13,076
- 15,680
- AFL Club
- Essendon
I've learned that if you're gonna fomo, make sure it's early in the pump.
The dumb man fomo's at 43k. The even dumber man fomo's at 50k.
- Jun 14, 2013
- 13,076
- 15,680
- AFL Club
- Essendon
The bear case: We fail to hold 38k on the daily, algos turn red, and deeper blood is expected.
Note that we held the 50WMA as support after the first dump from 65k to 29k...with one week closing below.
This dump from 69k to 33k then up to 45k has rejected the 50WMA in successive weeks. The 100WMA seems likely to be retested soon at 36k if we fail to hold support at 38k on the daily. If we lose that, the 200WMA is next support, currently at 26k.
Note that we held the 50WMA as support after the first dump from 65k to 29k...with one week closing below.
This dump from 69k to 33k then up to 45k has rejected the 50WMA in successive weeks. The 100WMA seems likely to be retested soon at 36k if we fail to hold support at 38k on the daily. If we lose that, the 200WMA is next support, currently at 26k.
- Jun 14, 2013
- 13,076
- 15,680
- AFL Club
- Essendon
This tool is handy to identify supply and demand zones. Free on tv.
www.tradingview.com
True Supplies and Demands — Indicator by truenomic
This indicator automatically helps you find supplies & demands using different detection methods. Methods for classification: i) Supply: High/Low; Demand: High/Low https://www.tradingview.com/x/SzWiWLp2 ii) Supply: High/Open; Demand: Low/Open https://www.tradingview.com/x/jfiH4clD Also in...
This tool is handy to identify supply and demand zones. Free on tv.
True Supplies and Demands — Indicator by truenomic
This indicator automatically helps you find supplies & demands using different detection methods. Methods for classification: i) Supply: High/Low; Demand: High/Low https://www.tradingview.com/x/SzWiWLp2 ii) Supply: High/Open; Demand: Low/Open https://www.tradingview.com/x/jfiH4clD Also in...
Thanks mate, best timeframes to use on? I just have weekly Heikin Ashi candles on my charts these days
- Jun 14, 2013
- 13,076
- 15,680
- AFL Club
- Essendon
The results look better for smaller timeframes from my the minimal time I've spent experimenting. Anything up to 12hours seems clean.
