Watching these charts is like Poetry.
Keep an eye on the 50 MA indicator (yellow line :)
Watch how the price action coincides and bounces off the different levels of the Fibonacci Retracement levels (colored layers) ? It's like magic.
There's one thing you have to understand... most of the volume nowadays in the crypto markets is from bots. Bots follow logic, rules, MA's, EMA's, Support levels, Resistance levels etc...
We're on the 0.5 fib level now so we might gain support here and I think we will advance to greater heights very soon :)
Keep an eye on the 50 MA indicator (yellow line :)
Watch how the price action coincides and bounces off the different levels of the Fibonacci Retracement levels (colored layers) ? It's like magic.
There's one thing you have to understand... most of the volume nowadays in the crypto markets is from bots. Bots follow logic, rules, MA's, EMA's, Support levels, Resistance levels etc...
We're on the 0.5 fib level now so we might gain support here and I think we will advance to greater heights very soon :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.