I've been watching this pattern for the last few days on the sidelines expecting an ALT squeeze before the next leg up.
- There are many similarities to historical patterns and this looks like an accumulation point / Stop hunt. Possible inverse H&S
- This last dip -today - Historically this play will only last (on the 2 hourly) around 3 bars and BTC should hold this level - close of hourly under $44k would invalidate it.
--- Safest Long, Break of $46k. 4% to5%
--- Risky long, Here but with tight stops. 10%
--- Target is around $49k but might get rejected at $48,200
Just an Idea. B, Hard Forky
To emphasise this point here is my SOL chart for target: $140
- There are many similarities to historical patterns and this looks like an accumulation point / Stop hunt. Possible inverse H&S
- This last dip -today - Historically this play will only last (on the 2 hourly) around 3 bars and BTC should hold this level - close of hourly under $44k would invalidate it.
--- Safest Long, Break of $46k. 4% to5%
--- Risky long, Here but with tight stops. 10%
--- Target is around $49k but might get rejected at $48,200
Just an Idea. B, Hard Forky
To emphasise this point here is my SOL chart for target: $140
Comment:
Close to conclusion
Comment:
LTC - some shizzle you just can't plan for :)
Comment:
Well, still on target.
Comment:
Looked into today's price action - I'm not one for conspiracy theories but if this pumps to plan in the coming hours then I am in awe of the Market Maker's skill to create a false narrative to stun and disarm traders before the big move.
To hack Twitter and set a Red Herring to create fear, uncertainty and doubt may perhaps be crossing a line in news manipulation. The resulting confusion from the move neutralises traders from taking risk.
Clean LONG entry is approaching in the next few hours. TP $50k
To hack Twitter and set a Red Herring to create fear, uncertainty and doubt may perhaps be crossing a line in news manipulation. The resulting confusion from the move neutralises traders from taking risk.
Clean LONG entry is approaching in the next few hours. TP $50k
