You are viewing a single comment's thread from:

RE: STEEM - Break of the triangle by the up side

in #steem6 years ago

After reading some comments here I though I'd share my 2 OMGs. Regarding TA, I've been trading like that since I was 18, 33 now. It's not whether it works or doesn't work, but rather gives you a true reflection of what the market is thinking. Every pattern tells a story, and knowing how the market feels is crucial in this game. The same way a candle can show you price rejection and a series of candles converging on a specific point shows you either support or resistance. This triangle and volume tells us that buyers aren't buying and sellers aren't selling, they are waiting (narrow range). A breakout in either direction is a sure thing. I think up because of the faith in this tech, but as always could be down too. I would encourage everyone to learn as much as possible about TA and price action for better decisions.