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Every chart have story...

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Joanne Wong
@joannewong
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It's has been a green week for the crypto market. BTC is almost return back to the previous All-Time High on last April 2021 ($64,895.22) , it is now less than 5%. As the writing of this post, BTC is currently trading at $61,000. Are you ready for another BTC All-Time High?

When I'm learning Technical Analysis, I would love to think that every chart have their own story because of the patterns that was printed on the chart. Whether I can piece the puzzles together to look for a probability clue or not, that is on me. Let begin, gonna focus on high time frame chart (daily).

GRTUSDT daily chart

The story of GRTUSDT daily that I see and lay out in a point form.

  • First, on the left chart there was a breakout descending channel,
  • Follow by the pump, creating a downward trend line which identify
  • As a bullish pennant after the pattern completed.
  • Inside the bullish pennant, there was many patterns formed.
  • Head & Shoulder
  • Descending channel
  • Inverse head & shoulder
  • Formed another head & shoulder that didn't play out
  • Latest pattern fully formed was inverse head & shoulder

1INCHUSDT daily chart

  • The yellow dashed line represent area of support and resistance
  • A big inverse head & shoulder
  • Followed by a smaller inverse head & shoulder
  • At this post writing it has breakout from the neckline

LOCGame daily chart

  • Falling wedges
  • Respecting upward trendline
  • Descending channel
  • Rectangle pattern

UOS daily chart

  • Ascending channel
  • Symmetrical triangle
  • Double bottom

PYR daily chart

  • Fibonacci Retracement Area

On a fine afternoon talking to ladyyunajay about trading view functions.. A simple idea pop up!!

Me: Why not we start paper trading at trading view (100K capital, fake money) record it down in a google sheet and share to the world? We can do this as trading exercise and have fun at the same time!

https://docs.google.com/spreadsheets/d/1aogT9AGMsisUbN1ZrfAV0DWeKGy8WWy9uSZ5y3_DT9o/edit#gid=0

Trading is risky and using Leverage to trade is an even higher risk than Spot trade therefore I will suggest you to try out paper trading first before going into Live Trade.

This is just MY PERSONAL OPINION/BIAS/VIEW on the BNBUSDT & DOTUSDT. 1000% NOT FINANCIAL ADVICE & Please Do Your Own Research/Due Diligence. During this pandemic I had started picking up Technical Analysis, therefore am still learning my way around it. :)

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