OBV painting a tight triangle, catalysts and current price action suggest it will break to the upside in a major way
Could truncate at previous all time high, but >.003 is very likely
One would think other alts with very similar patterns but later catalysts will follow suit for a (mini) alt season this summer
Could truncate at previous all time high, but >.003 is very likely
One would think other alts with very similar patterns but later catalysts will follow suit for a (mini) alt season this summer
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Looking to add on pullback to mid 180k's
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Looks like we break up here, wall at 200k gone
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Maybe I will get the chance to add at mid 180k's after all, broke down from bearish wedge
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What I'm looking at now
(3) made 1.272 of (1), so target of (5) is 1.618
(2) made a zigzag, so expecting (4) to take some sort of sideways consolidation
1H painting possible tweezer bottom (45 min left on the candle, so could be premature)
(1) retraced .618, so (3) should retrace .382, which it already did
My opinion is that the bottom of (4) is in, happy with my entries, just need to wait this one out.
(3) made 1.272 of (1), so target of (5) is 1.618
(2) made a zigzag, so expecting (4) to take some sort of sideways consolidation
1H painting possible tweezer bottom (45 min left on the candle, so could be premature)
(1) retraced .618, so (3) should retrace .382, which it already did
My opinion is that the bottom of (4) is in, happy with my entries, just need to wait this one out.
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Looking pretty good, adjusted the pattern to possible rising triangle, I believe the wall is at 204k to paint this pattern
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Raised the degree of everything to make sense of current action
Forward discerned path in green
Forward discerned path in green
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Looks weak, tight stop
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Still hanging on
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There's the break
Some confluence in the red box:
1:1 fib extension of A
Symmetrical triangle target
H&S target
Under that my micro count is invalidated
Some confluence in the red box:
1:1 fib extension of A
Symmetrical triangle target
H&S target
Under that my micro count is invalidated
Comment:
Redrawn this looks like a bull wick
I still believe the .382 was the local bottom
I still believe the .382 was the local bottom
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s.tensorcharts.com/OmdFeuyt.jpg
Watching for a pop soon
Watching for a pop soon
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BTC correlation dragged it down, relabeled as an ABC
Terminal end of correction is near
Terminal end of correction is near
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Zoomed in for clarity, nice reaction off the 1:1 extension in light blue
Tweezer bottom at end of downtrend closing in 20 minutes
Tensor shows bigger players are buying at this level
Tweezer bottom at end of downtrend closing in 20 minutes
Tensor shows bigger players are buying at this level
Comment:
Looking for strong reaction off .65 fib, under that the micro count is dead
Let's see what happens overnight
Let's see what happens overnight
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Wick through the .65 followed by strong bounce, very nice
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Not sure what that low volume chop is about but forming a pennant off the bottom