Hey guys,
How’s your Thursday treating you? Here’s mine:
Markets are still doing their thing, burning the hodlers and worst of all, the content creators here on Steemit. Those Steem Backed Dollars, huh... Ouch.
Anyway, I wanted to reinforce yesterday’s notion that this is in no way close to a capitulation. Take a look at EOS for example.
Start off with a higher time frame:
EOS/USD Daily
There’s your clear zones that we want to see hold or break to trade in the direction of.
Now step inside to an intraday chart and have a look at how price reacted around them:
EOS/USD Hourly
You’re telling me that’s not methodical, predictable price action that you couldn’t rationally trade? I call bullshit.
Wait until the higher time frame level holds or breaks and trade pullbacks in that direction. The formula for success is simple.
Enjoy your Thursday!
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr