What Is Technical Analysis? Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.
On track for deathcross in next 24hrs. @adoo from a purely TA perspective, any views on how predictive is a deathcross for corrections? (are there odds, e.g., 50%?) And if there's a dip what's the conventional thinking on where the next level of support will be?
deathcross (50 SMA crossing the 200 SMA to the downside) incoming. sometimes it triggers a dip, sometimes it doesn't. i've been waiting for this for a few weeks now and hoping for a dip. edit: btc is also always a musk tweet away from rallying or tanking lol. who knows what he'll do next.
Lol, I have no idea what any of your words mean. and I don't care. It's all good at this point, that was a joke.
Deathcross came and its down another $6k. $30k has been a key support level since the start of the year. If it doesn't hold, it's a long way down to Dec levels, that could be a good entry for alts (which will get hit even harder) if we still think btc has another rally by end of year.
If/when there are greenshoots, I'd prob put in money on btc first. Shitcoins are like a catching a highly levered falling knife with more promise than actual tech. Don't know enough about eth to give an opinion.