SNX is one among many alts currently in redistribution patterns after Bitcoin's last pullback. Supply volume is entering in the vertical bars as the PA attempts to cut through microtrend support. Will it continue to pullback or will it correct back into the wedge, it remains to be seen. I still hold a bearish bias & I'm expecting an eventual mitigation at 1.50 USD as we retest that level. As I've told members in the group, now is the time to start DCAing in the alts you wish to hodl. These prices are incredible, but they won't be this low forever. The Fibonacci retracement levels can be used as a DCA guidepost as well as a profit target for shorts.
**If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades. All my charts are clean and easy-to-follow with exceptional win rates ranging consistently between 80-85%. My TA is based off a combination of Wyckoff/VSA, EWT & Fibonacci. Stop getting smashed and start winning in crypto. My charts will teach you how.
*Not a financial advisor. Trade at your own risk.
**If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades. All my charts are clean and easy-to-follow with exceptional win rates ranging consistently between 80-85%. My TA is based off a combination of Wyckoff/VSA, EWT & Fibonacci. Stop getting smashed and start winning in crypto. My charts will teach you how.
*Not a financial advisor. Trade at your own risk.
Trade closed: target reached:
1.618% Fibonacci hit. Good job to all who traded. As always, patience wins the prize.
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