Description
⋅ here we are, in the beginning of a parabolic uprun fractal. lets look at this.
if you open your own chart and compare this structure in 4hr with the current one in daily, you'll notice a few things :
1. bitcoin accumulations that slowly coming back to the neckline of selling climax, may lead to a parabolic uprun.
2. when this uprun starts after a short consolidation, be sure to have stoplosses on your alt/btc pairs(altmarket index) :
3. and you can clearly see when to buy your cheap alts again.
although there's a long setup, this is not an investment advice, it shows only a invalidation level( daily close below stop area)
Comment
⋅ Here's a range for daytraders. Short the top, long the mid /bottom.
Comment
⋅ Tp1 reached
Comment
⋅ Tp2 reached :)
Trade closed manually
⋅ market closed.