Sunday, December 26, 2021

Brothers! Stay the course, a big price movement upwards is imminent!

https://imgur.com/ojOSQTJ

Had to clickbait people into at least taking a look at what I've got so far.

I'm on WeBull and have the current indicators enabled: EMA of 10 days, EMA of 30 days, and the big MACD. Just some basics of technical analysis first: EMAs are widely used in this way of stacking a EMA over a shorter period over a longer period to try to find price trends before they happen. Just for rules of thumb, if in this case the EMA10 is above the EMA30, that indicates a price trend upwards. If it's below it, that indicates a price trend downward. You can kinda already see where you can take this, as if the EMA10 is below the 30 but it's slope is steeper upwards (or has intersected the EMA30), then that indicates a price trend upwards is about to happen. Conversely, if the EMA10 is above the EMA30 and has a steeper slope downward (or intersects the EMA30), then that indicates a downtrend. This is not definitive, but just basics for introduction into using Technicals for trading.

In my experience, the fundamentals do not really apply in the SHORT TERM because we all know long term it's gonna be around forever and is going to be a necessary component of society. However, in the short term, News Events and these Technicals are really helpful for indentifiying trends. Bitcoin is actually really good for practicing technicals because of how closely the "rules of thumb" predict a price movement.

Almost every large uptrend before was precipitated by the EMA 10 crossing the EMA 30 (from below to above) and the MACD indicated positive trend (by being above 0 and the 12 line being above the 26).

That seems to be happening again, with the EMA10 being SHARPLY above the EMA30 and the MACD 12 line being SHARPLY above the 26. I think we're about to witness another huge price trend upward, as this simple analysis has almost NEVER FAILED before this. Godspeed my brothers


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