Good afternoon -Yurlo
(I hope you're all having a great day, please hit that like button if you appreciate the visuals I've provided for you today)
Trend-line takeaways:
#1: Uptrend - 2 validation points - since the 9250 break to trigger the prior rally, we haven't even tested any area of interest (key support levels that liquidity pools would be in) - we've broken the 10500 resistance (historical bear trend resistance) - (over 2 years) - We've been over this support level for 30 days roughly.
#2: Downtrend 2 validation points - 12495 is the current top - we hit the 0.618 fib level 12500 (ZONE), and now we're currently ranging between 0.5 and 0.618.
I think it's likely we see 9600 - 10250, but I feel we'll possibly bounce from here considering the lower lows but failing to reach a lower low on oscillator (bull div),
thus why short term target 11675 - followed by reevaluation and watching levels closely at that range. I'll be looking for exhaustion from bulls (toppy) or momentum from bulls (possibly break the 12.1k & 12.4k top.
Moving Averages Key Takeaways:
#1: All moving averages except 200 MA are all above the trend line - good indication for possible bottom
#2: the 200 MA is below trend line just barely (which tells me the sentiment is short term bullish.
#3: 20 MA is above 11650 so i can see a wick to 11675, reevaluate there.
Low leverage, low risk, sticking to your plan & TA, consistency, discipline, focus,and balls to the floor with learning is what it takes to make it in this space.
Don't chase the market, let the market come to you.
FOMO is psychologically designed to make you feel as if you're missing you on a once in life time opportunities. (this is false) - the market does things PURPOSELY to trap you into thinking theres no way it turns around and goes the other way (they hold) then get rekkt.
"The market is a tool to take the money from the impatient to the patient pockets"
Stay safe.
(I hope you're all having a great day, please hit that like button if you appreciate the visuals I've provided for you today)
Trend-line takeaways:
#1: Uptrend - 2 validation points - since the 9250 break to trigger the prior rally, we haven't even tested any area of interest (key support levels that liquidity pools would be in) - we've broken the 10500 resistance (historical bear trend resistance) - (over 2 years) - We've been over this support level for 30 days roughly.
#2: Downtrend 2 validation points - 12495 is the current top - we hit the 0.618 fib level 12500 (ZONE), and now we're currently ranging between 0.5 and 0.618.
I think it's likely we see 9600 - 10250, but I feel we'll possibly bounce from here considering the lower lows but failing to reach a lower low on oscillator (bull div),
thus why short term target 11675 - followed by reevaluation and watching levels closely at that range. I'll be looking for exhaustion from bulls (toppy) or momentum from bulls (possibly break the 12.1k & 12.4k top.
Moving Averages Key Takeaways:
#1: All moving averages except 200 MA are all above the trend line - good indication for possible bottom
#2: the 200 MA is below trend line just barely (which tells me the sentiment is short term bullish.
#3: 20 MA is above 11650 so i can see a wick to 11675, reevaluate there.
Low leverage, low risk, sticking to your plan & TA, consistency, discipline, focus,and balls to the floor with learning is what it takes to make it in this space.
Don't chase the market, let the market come to you.
FOMO is psychologically designed to make you feel as if you're missing you on a once in life time opportunities. (this is false) - the market does things PURPOSELY to trap you into thinking theres no way it turns around and goes the other way (they hold) then get rekkt.
"The market is a tool to take the money from the impatient to the patient pockets"
Stay safe.
Trade active:
DAILY CLOSE IN 4 HOURS - LOSE 11K AND WE'LL LIKELY SEE 9.6K - 10.3K from which we will or should see a bounce (this is my back-up bias)
I'd like to see consolidation in this range before breaking back up above 11.5k so we can find good support and build structural integrity levels to where they're needed to break the 13337 (fib level)
BEST OF LUCK - I'll post updates of price action around daily close, and then again tomorrow!
Now I'll let the markets do it's thing, and be patient!
I'd like to see consolidation in this range before breaking back up above 11.5k so we can find good support and build structural integrity levels to where they're needed to break the 13337 (fib level)
BEST OF LUCK - I'll post updates of price action around daily close, and then again tomorrow!
Now I'll let the markets do it's thing, and be patient!
Trade active:
If you're looking to short, I'd wait til this green parallel box is touched on the minimum - remember nothing goes straight up or down - the market has money to make just like us~
Trade active:
6 hour candle looking very impressive thus far as a bounce back, daily close in 1 hour & 18 minutes (8pm EST)
&
Cheers
6 hour candle looking very impressive thus far as a bounce back, daily close in 1 hour & 18 minutes (8pm EST)
&
Cheers