Logarithm. Time frame 3 days. Accumulation channel 15 months. The main step of dialing according to liquidity, 80%. Local trend—descending wedge. Pivot zone from key support/resistance levels. The percentage for orientation is shown.
This idea is a continuation of a similar idea published a year ago at the beginning of the formation of the channel of the set with the exact zone of the set with a step of 80%.
Very long accumulation - 1.5 years. There is a stop loss long collection under the channel support. There is a volume set. Which will be distributed at cycle change.
Linear chart with no market noise.
Main trend
The main trend of this cryptocurrency can be traced in this idea published 1 year ago. Time frame 1 week.
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main trend and channel set 1.5 years in it on 05 08 2023
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impulse to break the resistance of the wedge +44% to the meridian 0.1381 and large liquidity resistance. It is important for further pump development to overcome this zone and absorb selling. There is a significant #volume compared to normal trading earlier. Who trades locally protect profits.
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3 days after publication almost +100% The important zone of local resistance 0.1381 has been overcome. The price has reached the resistance zone of the horizontal channel 0.1842. Perhaps there will be a breakthrough of it. Who trades locally, protect your profit. The breakout may not be from the first time, or after the breakout a significant pullback.
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Schematically showed the logic and mani-management of position (funds) distribution in work in horizontal channels.
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about +40% from channel support 0.0911, pullback. Typical work in the accumulation channel from its support/resistance zones.
Trade closed: target reached
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price reached #impulse resistance level of the horizontal channel 0.184.
Breakthrough - trend break and exit from the accumulation zone. No breakthrough - return back to the sideways zone with a large % step.
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breakthrough of accumulation channel resistance
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consolidation with a wide step above the resistance of the former accumulation channel. Locally, the price is in the ascending channel at its resistance.
Everything is essentially the same as everywhere else. Breakout above the historical maximum on bitcoin - will be a trigger for the high growth of garbage (impulses).
And vice versa - a negative market re-test to the mirror level of the previous accumulation (almost all alts that are not yet heavily pamped like FLOKI).
@basictradingtv, Right now, most altcoins look like they are "dead". Huge depreciation from previous highs. Typically -93-96%. When trading such assets, it is worthwhile to observe risk management and limit risks. I constantly emphasize this.
Work only in the local trend in the volatility zone. The point is that no matter how "dead" an altcoin is from the position of the main long-term trend - locally there is volatility that can be used.
@Badory, no, there is simply no choice in the functionality of this site. Sometimes this confuses subscribers. That's why I don't like to use it.
Active, this is what is described in the latest update. The price is below the channel resistance. There is no breakthrough yet. Protect your profit, or transfer it to other assets that are at a low start.