TAAL TAALF

Twetch ·

TAAL TAALF

Replies

Twetch ·

What's the information here? I guess break out through the resistance line of 3. Where are we headed? Sorry for the stupid questions but I'm not much of a chart guy yet. Thanks for the chart though.

Twetch ·

Yes, $3 is also support now. There's some resistance price wise, but not much volume at above levels. The upside is open.

I think this is the end phase of a mania, there is no target. It goes as high as it can go before the mania ends.

Twetch ·

Thanks for explaining. After following BTC up, do you expect TAAL following BTC all the way down at the end of the mania? Just wondering if we get the same price later again - around 3. It seems like TAAl is correlating to BTC all the time.

Twetch ·

Bear markets take everything down, people indiscriminately sell both good and bad assets. That $3 line is support for a technical, tradable pullback within the bull market. That line offers no support in a bear market. Assume 90% loss in everythig crypto.

Twetch ·

Alright, thanks a lot. Will just keep my small TAAL position then and get some more once the crypto mania comes to an end.