No, a lot of things in trading are counter intuitive to human psychology. First off it pukes all these bids aren't quantitatively gonna save the market at this market cap if as we are experiencing a major liquidity crunch event with a major lender and major borower 3AC AND CEL going under. I was expecting for 20k btc since january and v-bottom but now that we are here with no one buying into the asks and consolidating with a bearish structure at every horizontal support before breaking it, I constantly have to revise potential bottom targets as we haven't seen a capitulation yet, it's orderly twap selling for now. If 18-19k HTF support breaks, we could very well see 14k previous monthly ultra resistance level or 10-11k base of accumulation.
It’s gona spend long time below 24k . This time it’s different. Actually every time is different. 2018 bear market started with Double Top . 2021 bear market started with Bearish Divergence on HTF. Plus this time Officially we are into recession after 2008. So things gona be different this time . I still expected a capitulation wick to 15k
There is Bullish divergence on the daily. RSI bearish on HTF. First thing you should always do is invert the chart and check your bias. This is a bear flag consolidating in a box range. The oscillators reset allowing it go lower. Nobody knows exactly what can happen, but from technical perspective you should see more downside in the coming weeks. And all of the morons who make fun of TA. The Japenese used forms of candlestick trading for 300 years.The Legacy market has people who went to all of the best colleges the world an have been using western style TA for what 80 years. Trillions of dollars assets have been traded based on it. Literally 70% of the money in the world. So some dumbfuck neck beard can say its a joke, because he is ignorant.
There is bearish divs all over eth HTF charts. It was so long ago it doesn't mater and divs don't always play out. You also get divs from big price fluctuations that are fake. Use divs with OBV or rsi on LTF. This chart is basically obsolete.
HTF do I get rid of crypto dust on Coinbase Pro? I tried following [this Reddit post from a few years ago](https://np.reddit.com/r/CoinBase/comments/ffov9k/how_to_clean_the_dust_in_your_coinbase_pro_and/) but I can’t place a buy order lower than 2 decimal places or withdraw the full amount to Coinbase. How do I empty out 0.00660252 GRT, 0.01995948 DOGE, 0.00403864 UST, etc?
Basically, the price trends are by traders. LTF(Low Time Frame) trends are set by scalpers/intra day traders. HTF(High Time Frame) trends are set by swing traders. When the price is in an uptrend, traders have confidence that price will go higher than it did one wave before, so they wait for more profits before selling and they buy before price reaches the low of the wave before. This creates Higher Low(HL) and Higher High(HH) When price is in a downtrend, traders have confidence that the price will go lower than it did the wave before, so they start buying after the previous low is breached and they don't have confidence the price will reach the previous high so they start selling before. This creates Lower Low(LL) and Lower High(LH). LL and LH signals weakness in the market, therefore more traders start taking this weakness as a fact which creates more weakness and more selling. HL and HH is the opposite, it signals strenght which makes traders buy more confidently which creates more strenght. This keeps going on until sellers in an uptrend overwhelm the buyers which forces a LH or buyers in a downtrend overwhelms the sellers which creates a HH. When this happens, trends change. Of course LH or HH is pretty meaningless for traders these days because; 1-You cant tell if its a LH or HH until its done and over with. Its only a fact after it happens therefore its not actionable. 2-Markets are much, much more complex than simple trend patterns and these patterns changes hourly.
I wouldn’t base my investment these solely on lack of hype, but if the fundamentals are strong, the price is sitting at HTF support, and you have a general positive outlook on the market, then that would make a strong case for investing.