I have seen so many crypto charts with all sorts of markups and complicated indicators on them. Here is an example of a textbook trade setup that was easy to see. When bitcoin plunged on the 22nd you take that as a warning because the uptrend (gray line) broke and you know price is extended on multiple timeframes.
Once the uptrend breaks you look for overhead resistance areas. There is the gray line, and also the blue bar. Notice in the yellow circle both come together, and this is exactly where Bitcoin bounced up and failed.
A close below the red line creates a lower low after a lower high. The two green lines mark possible support or bounce areas. Remember this is short term, relative to support areas on the weekly/daily, which would be much lower.
Puts in GBTC bought yesterday, sold today. Bitcoin is an asset; a rather speculative one too. You set price alerts and sell your Bitcoin, at least part of it, to preserve your investment gain. Love and hope are awesome, but they do not belong with Bitcoin.
Once the uptrend breaks you look for overhead resistance areas. There is the gray line, and also the blue bar. Notice in the yellow circle both come together, and this is exactly where Bitcoin bounced up and failed.
A close below the red line creates a lower low after a lower high. The two green lines mark possible support or bounce areas. Remember this is short term, relative to support areas on the weekly/daily, which would be much lower.
Puts in GBTC bought yesterday, sold today. Bitcoin is an asset; a rather speculative one too. You set price alerts and sell your Bitcoin, at least part of it, to preserve your investment gain. Love and hope are awesome, but they do not belong with Bitcoin.