Bitcoin is looking shaky, which can dramatically effect altcoin setups. Whenever you are trading alts, ALWAYS be watching Bitcoin. It remains in control of this market. A general note - whenever I draw a line on a chart, it should be viewed as elastic and not static. It is more of a zone. So the areas around those lines are usually more accurate. Further, I try to use multiple techniques and indicators on various charts, so if you are learning TA, you should read through all of these to see how I blindly look at a chart. If you are a new member, please refer to Issue 10 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen and have it sent to you) for instructions on how to make my charts your own.Let's get into a quick Bitcoin analysis, as well as all of your charts requests!
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The Wolf Den #15 - Chart Requests
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Bitcoin is looking shaky, which can dramatically effect altcoin setups. Whenever you are trading alts, ALWAYS be watching Bitcoin. It remains in control of this market. A general note - whenever I draw a line on a chart, it should be viewed as elastic and not static. It is more of a zone. So the areas around those lines are usually more accurate. Further, I try to use multiple techniques and indicators on various charts, so if you are learning TA, you should read through all of these to see how I blindly look at a chart. If you are a new member, please refer to Issue 10 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen and have it sent to you) for instructions on how to make my charts your own.Let's get into a quick Bitcoin analysis, as well as all of your charts requests!