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ProjectSyndicate
Nov 11, 2020 9:06 AM

ALTINDEX D3: XABCD 40% correction possible?(SL/TP)(NEW) Short

Altcoin Index Perpetual FuturesFTX

Description

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-TOP author on TradingView
-15+ years experience in markets
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-TD9 counts / combo review
-Key S/R levels
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ALTINDEX D3: XABCD 40% correction possible?(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect
losses in this market.


🔸 Summary and potential trade setup
::: ALTINDEX 3days/candle chart review/outlook
::: speculative XABCD setup in progress
::: point C confirms it / requires confirmation
::: daily close > point C invalidates outlook
::: NOT A TRADE SETUP
::: based on this pattern 30/40% correction
::: possible/plausible in altcoins over
::: next few weeks
::: setup also got confluence with LTCUSD
::: and H*S pattern in BCHUSD
::: this is FYI only, NOT GUARANTEED
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/REVERSAL
::: Sentiment outlook short-term: BULLS
Comments
KlejdiCuni
I love the hunt for CD legs :) Great analysis.Thanks
ewgenijchudov
do you offer signals?
PolarHusk
Must break higher to invalidate bearish potential move 🐻‍❄️🙏😊😃
DrogonAzul
Hope you're right, this ponzi needs a correction.
ProjectSyndicate
@DrogonAzul, ok sure
DAVID9039
Nice one!!
ProjectSyndicate
@DAVID9039, thanks
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