To get a full gist of what's going on here, take a look at my initial analysis and my thought process behind what you're seeing:
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TL;DR from prev. post's:
I've realized for a while that nothing is new in the market, and its the same patterns over and over due to high correlations, among other things such as algos.
I've been using $RUNE as my "edge" to time the market as best as I can. $Rune was one of the first tokens to start this impulse move up (following its fractal), after which other coins began to follow their own individual sequences. Bitcoin runs the show, but my thought process is: If quite a few well followed tokens are at support or **resistance in our situation**, then its likely that the rest will follow suit inclusive of BTC because its all highly correlated. The charts linked will show where I think we are currently and whats most probable to happen next.
I've been able to find two views that have shown me the same conclusion. One required quite a bit of pattern/candle reading and the other: 1 trend line.
Without using any thing else, pretty soon I'll be expecting prices - moreso $RUNE, so find some support and retest previous highs (based on previous price action). This is just my educated guess based on the information given on the charts. Things dont have to play out exactly, so I'll be **reacting** rather than predicting - granted I already know what I want to see, and if I see it, Ill act on it.
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UPDATE:
I've been able to anticipate the last 5 swings, so I'm more confident about what the future may hold now.
With May approaching however, it is likely we have some price depreciation due to a potential Bitcoin breakdown "Sell in May, and go away" event.
Regardless, $RUNE is looking quite strong IMO, and I can see multiple reversal patterns playing out with the different market outlooks and strategies I have.
Below are a small journal of the chart history I've had over this pair since building my thesis:
-Bottom anticipated, same price action in terms of how price reacts in its current cycle.
-First resistance broken, and expecting price to run up until meeting a previously high volume zone.
-Price pulling back from strong resistance, and anticipation of support, based on the prev. sequence without looking at any technicals/metrics.
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Similar occurrences like this can be seen on $NEAR, $CELR and $XTZ to name a few.
I use $RUNE in conjunction with $BTC to decide where and when I want to buy/sell anything, (aside from anything with momentum like Move2earn).
------------------------------------------------------------
TL;DR from prev. post's:
I've realized for a while that nothing is new in the market, and its the same patterns over and over due to high correlations, among other things such as algos.
I've been using $RUNE as my "edge" to time the market as best as I can. $Rune was one of the first tokens to start this impulse move up (following its fractal), after which other coins began to follow their own individual sequences. Bitcoin runs the show, but my thought process is: If quite a few well followed tokens are at support or **resistance in our situation**, then its likely that the rest will follow suit inclusive of BTC because its all highly correlated. The charts linked will show where I think we are currently and whats most probable to happen next.
I've been able to find two views that have shown me the same conclusion. One required quite a bit of pattern/candle reading and the other: 1 trend line.
Without using any thing else, pretty soon I'll be expecting prices - moreso $RUNE, so find some support and retest previous highs (based on previous price action). This is just my educated guess based on the information given on the charts. Things dont have to play out exactly, so I'll be **reacting** rather than predicting - granted I already know what I want to see, and if I see it, Ill act on it.
----------------------------------------------------------
UPDATE:
I've been able to anticipate the last 5 swings, so I'm more confident about what the future may hold now.
With May approaching however, it is likely we have some price depreciation due to a potential Bitcoin breakdown "Sell in May, and go away" event.
Regardless, $RUNE is looking quite strong IMO, and I can see multiple reversal patterns playing out with the different market outlooks and strategies I have.
Below are a small journal of the chart history I've had over this pair since building my thesis:
-Bottom anticipated, same price action in terms of how price reacts in its current cycle.
-First resistance broken, and expecting price to run up until meeting a previously high volume zone.
-Price pulling back from strong resistance, and anticipation of support, based on the prev. sequence without looking at any technicals/metrics.
Similar occurrences like this can be seen on $NEAR, $CELR and $XTZ to name a few.
I use $RUNE in conjunction with $BTC to decide where and when I want to buy/sell anything, (aside from anything with momentum like Move2earn).
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
