Hi All,
Looking from bullish perspective in the coming weeks and months, we can stipulate price action as long as some conditions are met.
These stipulations or assumptions have to be confirmed along the way, otherwise this "THESIS" is only that.
Having said that, lets move on.
Have you heard of the bump and run strategy, if you havn't, then you wont understand this chart the way you should so do yourself a favor and learn it.
Why, its bloody all over the crypto charts if you know it and understand, even better, you can add it to your strategy.
So I have stipulated that the current area is sitting below this trend line as its major resistance.
I have nothing to confirm this yet, but as time goes by, we will see it confirmed on the daily and then the lower time frames.
If this is the case, and price breaks this trend line, then that is the biggest obstacle and hence a tick on the check list.
We also see the fib levels and resistances in confluence.
If price breaks both the horizontal resistance and the sloping resistance line, gets tested, knowing we confirmed later on its resistance, then we would expect it to be tested.
Depending on the time frame and formation of the price action, we should have a green light or not to enter.
This is the spot I will be watching hopefull, not distractted by other charts.
From time to time I will update this post with charts and some quick notes.
For now, its watching and stalking.
All the best,
S.SAri
Looking from bullish perspective in the coming weeks and months, we can stipulate price action as long as some conditions are met.
These stipulations or assumptions have to be confirmed along the way, otherwise this "THESIS" is only that.
Having said that, lets move on.
Have you heard of the bump and run strategy, if you havn't, then you wont understand this chart the way you should so do yourself a favor and learn it.
Why, its bloody all over the crypto charts if you know it and understand, even better, you can add it to your strategy.
So I have stipulated that the current area is sitting below this trend line as its major resistance.
I have nothing to confirm this yet, but as time goes by, we will see it confirmed on the daily and then the lower time frames.
If this is the case, and price breaks this trend line, then that is the biggest obstacle and hence a tick on the check list.
We also see the fib levels and resistances in confluence.
If price breaks both the horizontal resistance and the sloping resistance line, gets tested, knowing we confirmed later on its resistance, then we would expect it to be tested.
Depending on the time frame and formation of the price action, we should have a green light or not to enter.
This is the spot I will be watching hopefull, not distractted by other charts.
From time to time I will update this post with charts and some quick notes.
For now, its watching and stalking.
All the best,
S.SAri
Comment:
Trade closed: target reached:
Close enough to my target.
Comment:
new targets
Discord: TradeToProspa
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
It hit the goldern ratio which explains why it dumped 34%.
Now that is over, I can see how its BTC pairing will do well.