While I was looking at the stocks I was planning to buy tomorrow, I happened to come across the future prospects of Bitcoin.
In general, it may seem strange what's happening at the end of the year, but I couldn't help but pay attention to some interesting stocks.
Looking at the weekly chart of Bitcoin, I feel like it should drop and adjust sooner.
If it drops to around 78,000, it seems it will comfortably rise again after a reset.
But, probably adjusting sideways because of the strong buying momentum.
The main line is around 92,000 to 87,800.
In any case, if we don't adjust the rapid rise on the weekly chart, it feels like we won't be able to aim for the top without first experiencing a decline because we can't hold our breath.
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空(そら) : In case of any unlikely further decline, I also have a line drawn at 72,000 to 85,000.
I apologize for the basic question. I'm not sure where to start drawing the resistance line for the Regression Support...including the timeframe. It seems like it should be where there are more data points, but I'm always unsure, saying "This looks like the closing price, but for the highest price it's here..." or "Combining the closing price and highest price, it seems to be around here..." I can't figure out the best solution. Could you please give me some hints?
RGTI1000バガーメン OP 空(そら) : Don't overthink it, I think it's best to just follow the basics.
If you trade in a different period from the drawn line, it will definitely lose its meaning.
Even though it's day trading, drawing lines on weekly or monthly charts lol
Even though it's long-term, drawing lines on daily charts lol
空(そら) : Wow, it's getting even more difficult. There are many cases where only "connecting two points" is written, so at first I thought 'I see' and did it, but it varies depending on the person, different from the register support provided by MOOMOO daily, which led me to question.
RGTI1000バガーメン OP 空(そら) : It's natural that different people have different styles and experiences, isn't it?
It's just a matter of having basic manners. People who can't win in trading because they don't understand the basics of drawing, can't apply it.
空(そら) : All right, I will do my best! Thank you.