TLDR sorry its a big mess. it takes me a while to go through one aspect of a large overview
INTRO
what im looking at here is general market structure that i consider interesting and may be important.
i look for things like, if this happened before will something similar happen?
moslty based on price features and responces comapred to previous times
and also based on vol, and locations/timings of consolidations.
took me a while to go over this chart, and again, its only using fibs, vol, price structures and price areas people are interested in (consolidations).
maybe later ill check different overviews on this.
WHAT I WOULD LIKE TO HAPPEN
we consolidation for a few weeks in the 8.8 to 6.8k zone. until we break upwards and go to around 11 -16k, consolidate there, then up to the 17-19k (or whatever the red squiggles are on my chart going up from fall to halfing) until we make final leg up for distribution around 22k a month or 2 before halfing.
in this next few weeks id like to see alts are mostly bottomed (see recent xrp chart). this is an interesting month. Look at the weekly and monthly candles for btcusd. oh boy. are we gonna close looking this bad? maybe, if thats the case I may dump many things to fiat on a moderate retrace of the printed candle, .5 and under in value.
What i dont want to happen but will buy more
we keep going down and consolidation between 8.8 and 6.8 and then breakdown to 3.5k and less. would be bad. Also worst case alts dont pump at all in /btc, evne tho btcusd is "cheap". if price breaks 6.8k i would buy more around 4k and not before (i say that but i proably would sell anything i could to buy more under 5k).
I admit, this higher level (ie forest not trees) stuff is a bit "not clean", but I like to do it to have some idea of whats happening on a larger picture. Its very possible you dont know what/how/why Im doing this, thats fine. These charts are saved and I like to review my own things. Nice journal type stuff.
Good luck, and as always if you like to view charts, and talk about charting, idea, do hit me up and lets chat, i welcome discussion.
Also, see recent bnb and xrp charts. Xrp going alright, bnb ill check after this weekly/monthly close.
INTRO
what im looking at here is general market structure that i consider interesting and may be important.
i look for things like, if this happened before will something similar happen?
moslty based on price features and responces comapred to previous times
and also based on vol, and locations/timings of consolidations.
took me a while to go over this chart, and again, its only using fibs, vol, price structures and price areas people are interested in (consolidations).
maybe later ill check different overviews on this.
WHAT I WOULD LIKE TO HAPPEN
we consolidation for a few weeks in the 8.8 to 6.8k zone. until we break upwards and go to around 11 -16k, consolidate there, then up to the 17-19k (or whatever the red squiggles are on my chart going up from fall to halfing) until we make final leg up for distribution around 22k a month or 2 before halfing.
in this next few weeks id like to see alts are mostly bottomed (see recent xrp chart). this is an interesting month. Look at the weekly and monthly candles for btcusd. oh boy. are we gonna close looking this bad? maybe, if thats the case I may dump many things to fiat on a moderate retrace of the printed candle, .5 and under in value.
What i dont want to happen but will buy more
we keep going down and consolidation between 8.8 and 6.8 and then breakdown to 3.5k and less. would be bad. Also worst case alts dont pump at all in /btc, evne tho btcusd is "cheap". if price breaks 6.8k i would buy more around 4k and not before (i say that but i proably would sell anything i could to buy more under 5k).
I admit, this higher level (ie forest not trees) stuff is a bit "not clean", but I like to do it to have some idea of whats happening on a larger picture. Its very possible you dont know what/how/why Im doing this, thats fine. These charts are saved and I like to review my own things. Nice journal type stuff.
Good luck, and as always if you like to view charts, and talk about charting, idea, do hit me up and lets chat, i welcome discussion.
Also, see recent bnb and xrp charts. Xrp going alright, bnb ill check after this weekly/monthly close.
Comment:
txt suck to read, put your mouse over them. apologies, but remember i do this for my review later. thx
Comment:
wanted to save the screen shot for own log, not useful for others
