Perlin On The Weekly Timeframe | Going Back To The Basics

16 июн. 2021 г.

I realize there is a lot of new people out there... I've been gone for a while...

Please allow me to entertain you!

Patience is key.
These things they take time.

You need to wait for weeks/months at a time, it is not something that happens within hours or days... One of the common mistake beginners make is hoping to see things move too fast.

They get desperate and sell just before the action starts.
Ok... Let me get to the chart.

Perlin (PERLBTC) Weekly

Each candle is 1 week (7 days).

First, we can see PERLBTC trading above EMA50 (the bold magenta line) weekly.

This is a bullish signal.
This is only confirmed when the week closes after Sunday, a long way from today.

Prices can fluctuate all they want.
Closing above EMA50 strongly bullish.
Closing below EMA50 still bullish because we have a recent higher low and the signals I will describe below.

The MACD is above the zero line, putting us in the bullish zone, this is good.

The cross is yet to happen between the MACD and signal line but we are still bullish.

The RSI is above 50 weekly which is super bullish/strong.

We are also moving above EMA10 and EMA21 this week and the higher low just mentioned.

The ATL (All-Time Low) happened back in January and after some consolidation, we are ready to grow.

Look at the August peak... :D

It is easy to learn from this.

Thank you for reading.

Enjoy your day.

Namaste.

16 июн. 2021 г.

Заметка

Well done.

Enjoy the profits.

Withdraw and fine two new one which will move within days...
Let the market take care of the rest.