Just a few tweaks here and some extended potential resistance lines so that people can get a better idea of where to target their buys and sells -- assuming i even get this one right.
I'm invested here (full disclosure) but trying to stay objective -- so I'll say this chart is no longer valid if LEND drops below bottom support line.. or misses the wedge point completely.
Comment
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Track is looking good based on my original projections, but we won't have a signal confirmation unless it breaks sharp north towards where the pink lateral and yellow/blue diagonals cross.
Ok guys, so far we're following my track exactly. Get ready for possible break tonight or tomorrow. If we miss this wedge point we've got one more chance ~24 hours later.
Seriouz
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great. rebuy levels after sell off? maybe -50%?
Occamstock
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@Seriouz, you're fine. we're not even close to where i thought we might go. The solid orange diagonal is our ideal low bound -- if it goes below the red horizontal support id rebuy, if you want. I honestly can't predict the future nor do i know your financial situation, but I do trust my math in a fair market. The diagonals are worst case scenario IMO
Occamstock
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@Occamstock, (forget the part about the red horizontal line, it was the current price lol). I just trust my wedges, and the parametric timing look good.
Occamstock
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@Seriouz, if we hit the danger zone, then i have no more confidence in model so its time to bail.
Climatologists don't understand this concept.
Occamstock
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@Occamstock, *bail or hold long term. i will not bail, but if you're a short term trader thats decision time
KarimMohsen
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which one is the support line ?
Occamstock
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@KarimMohsen, the two diagonal ones on the bottom (and blue horizontal one) indicate likely levels of support. Could go below orange, shouldn't go below blue if i'm right.
break point to watch for is where the red and orange diagonals meet around ~1390sats
hope that helps, i'll be rooting for it!
Occamstock
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@KarimMohsen, sorry i should start labeling better