So yeah, i am sorry for that little bit unclear chart.
- Still Uptrend => reached 0.25% of the channel at the lower half.
As you can see, we have every 0.25% big at the market.
0 - 0.25% : Reached 75% of our trendchannel
0.25 - 0.50%: Again 75% movement relative to our trendchannel => reached our max!
0.50 - 0.75%: After reaching our 100% in the trendchannel, we got a pullback of 75% downwards
0.75 - 1.00%:
1. If we are going to do in this time period again an 75% downwards move, we will destroy the upwards trend!
2. We could make an 100% move in 0.50 - 0.75 , so we are at the lowest point in our trendchannel
=> It means, 0.75-1.00 will be so fu**ing hard oversold, that we'd have a brilliant opportunity to buy.
Low => Long
1. Trend getting weaker!
1.2 It means, the bears are getting weaker
1.3 And this again means, the bulls will have the overhand shortly => Long
Thanks for reading!!
Happy Trading Guys!
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