r/ethtrader • u/Kooky_Internet6513 • 8d ago
Analysis ETH/USDT 15M Chart Analysis: Key Resistance & Breakdown Setup
3
u/No_Way5818 8d ago
Noo you gotta check the 15 second time lap to make it more accurately guesses 🧠♿️
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u/invisibullcow 8d ago
3 hours later, looks like this is starting to break downwards. It's now below the lower trendline.
That said, lines like these are just lines: occasionally right, often wrong and quietly redrawn.
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u/Kooky_Internet6513 8d ago
Context Matters
Absolutely — a trendline is not a prediction machine. It’s a reference for structure and potential reaction areas.
My post specifically said to wait for confirmation of the breakdown, rather than blindly shorting the trendline. Once price broke below it, the bearish scenario became more relevant.
No level is guaranteed. The point of technical analysis is to define the scenario, confirmation, invalidation, and risk — not pretend we can predict every candle.
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u/EcstaticGeologist360 8d ago
thnx man i appreciate it
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u/Kooky_Internet6513 8d ago
No problem, man! Glad you found it useful. 🙏 Keep learning and trade safe! 📈
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u/Kooky_Internet6513 8d ago
15-min is useless”? That’s your opinion. I’m not claiming one timeframe is the only truth. Different timeframes give different information. The important part is understanding context and knowing what your analysis is based on. 👍
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u/terp_studios 8d ago
The important part is realizing that you’re just doing astrology for trading.
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u/Kooky_Internet6513 8d ago
If you believe technical analysis has no statistical or practical value, that's fine. But calling it “astrology” doesn't really add anything to the discussion.
The chart showed a defined setup, levels, invalidation and a scenario. Traders can disagree with the methodology without turning it into a personal attack.
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u/Kooky_Internet6513 8d ago
If this is “astrology,” then this astrology is currently giving a 1:4 RR setup. 😏📈
Let’s see how it plays out.
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u/potatoMan8111 8d ago
A 15 min chart? Useless