Mock Up Price Action for CSPR | Near-Mid Term (4HR)
Mock Up Price Action for
CSPRUSDT
| Near-Mid Term (4HR)
- Continued bulk accumulation of CSPR for longer term bull run, and personal number one altcoin investment pick
- Anticipating highly volatile but still overall bullish upcoming week into end of month January before early February and throughout a proper market correction and pullback of BTC and top 200 ALTs
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Teal Filled Horizontal Rectangles are areas of major support and price points for further DCA long order accumulation
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
Recent news regarding IPWE has retail investors spooked. Yes, obviously, a disappointment to hear the news and take on the chin that this will set potential bullish run timelines back a little. Regardless, for anyone holding CSPR and up in the air presently, we should be reminding ourselves why we got into this in the first place, asking, do I believe in this project and do I believe in the long term potential? Alongside with, do I think I can play the game of shaving down some now with potentially buying back in later? In the grand scheme of things, this is but a bump in the road, and fleeting situation. Personally going to stick to my convictions and DCA further in per originally planned for this Crypto bull cycle. Prices I'm looking at mocked up on the chart.
CSPRUSDT
| Near-Mid Term (4HR) - Continued bulk accumulation of CSPR for longer term bull run, and personal number one altcoin investment pick
- Anticipating highly volatile but still overall bullish upcoming week into end of month January before early February and throughout a proper market correction and pullback of BTC and top 200 ALTs
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Teal Filled Horizontal Rectangles are areas of major support and price points for further DCA long order accumulation
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
Recent news regarding IPWE has retail investors spooked. Yes, obviously, a disappointment to hear the news and take on the chin that this will set potential bullish run timelines back a little. Regardless, for anyone holding CSPR and up in the air presently, we should be reminding ourselves why we got into this in the first place, asking, do I believe in this project and do I believe in the long term potential? Alongside with, do I think I can play the game of shaving down some now with potentially buying back in later? In the grand scheme of things, this is but a bump in the road, and fleeting situation. Personally going to stick to my convictions and DCA further in per originally planned for this Crypto bull cycle. Prices I'm looking at mocked up on the chart.
Comment:
For those of us that are XRP holders, this is "just another Tuesday in Crypto" kind of moment. Sellers gonna sell, buyers gonna buy. I have a hard time seeing this fall below 3 cents for any kind of long duration of time. 0.028 to 0.03 feels like bargain prices to me.
Comment:
Can easily imagine this will be the catalyst that kicks off the next wave of paper hands retail "trader" sell off for CSPR. For actual "investors" like myself, I'll be looking at wicks down to 0.027-0.0305
BTC
BTC
Comment:
Slowly nibbling adding a little bit here, a little bit there. No expectation of meaningful activity until April/May/June area. Buying in chunks, sending to CSPR wallet, staking, waiting.
