Happy Trading and Stay Awesome!
I made some adjustments for Phase A to make it easier to understand and also added a note to our "Back-Up/Last Point of Support" (BU/LPS) in regard to its potential "future" LOCATION.
What I thought might end up being an Ascending Channel Re-Accumulation Schematic ended up being the old "Cup and Handle" Re-Accumulation Schematic.
Here is an example of an old cup and handle accumulation schematic when looking at BTCUSD in 2015 into 2016.
NOTE: We had multiple LPS's (Brief pullbacks) on the way up to Preliminary Support before we saw our "Sign of Strength."
If our analysis is correct (Us being in a Re-Accumulation Schematic), we should expect multiple LPS's on the way up to our "Sign of Strength."
8-Hour time frame:
DOTUSDT: Casual Discussion of What we are Looking For...
Looks like we may be going back up now...
NO... Appears we will come down to my target range mentioned earlier of $20.92 to $21.12. Something like that... Think I mentioned it in other publication...
LOOK at the 8-hour...
Added one more note to the 8-hour...
Daily Time Frame:
Yes, price is currently coming down but anticipating finding support between $20.92 and $21.12.
2-hour time frame:
An additional note for the 2-hour time frame:
Simply posting an update of the 2-hour for future reference.
DOTUSDT: Quick Update on Current Price Action.
One last update for the IMMEDIATE/SHORT TERM using the 90-minute.
HERE IS MY YOUTUBE CHANNEL: https://www.youtube.com/channel/UC8IbhpQwrTD6BozJPWnyAHA
UPDATE ON MY DAD: https://www.youtube.com/watch?v=6UUm4ObJT8E