So I have noticed that it's passing the same pattern as last time on it's run up as highlighted in the orange top line and the bottom pink line.
The channel in the middle is something I want you to bring your attention to. I have found this to work almost every single time, it has to do with the height from the bottom to the top, and the half way of that, marked with the blue dotted line. In every fast rise of the price, you will always notice that the price trend loves to always test the half way point of the previous sharp rise (or the blue channel here). And it's usually around this spot it will find support for a long while before making a decision. When it bounces off the half-way, it will usually hit about 60-75% of the channel height before coming back down. Very very very rarely will it ever bounce of the half way support and hit the full height again. It almost never happens. Instead, it only goes up about 60-75% of the way. Which is a sizeable profit. I have seen this happen countless times now.
Don't be afraid, and try putting a small long position at these half way points and sell when it has reached your target of 60-75%. Experiment with what I am saying, and you will see it works.
As for what's happening here, I would like to say the price trend is closing in towards Feb 2nd, I have been waiting for the end of this month as some other publishers here have marked that that is squeezing towards that point as well. And comparing the number of candles it's been closing from the previous pump, this time, this pump is almost following the same trend and is on it's way downwards before a big pump up again.
BTC is correcting right now as well which is caught in a triangular wedge, lasting till about 2 week and ending between Feb 14-Feb 20.
I am new to this, don't trust my advice, simply watch this, and if it does as I have analyzed, then be confident to use these charts in establishing them in your OWN studies before putting any positions.
The channel in the middle is something I want you to bring your attention to. I have found this to work almost every single time, it has to do with the height from the bottom to the top, and the half way of that, marked with the blue dotted line. In every fast rise of the price, you will always notice that the price trend loves to always test the half way point of the previous sharp rise (or the blue channel here). And it's usually around this spot it will find support for a long while before making a decision. When it bounces off the half-way, it will usually hit about 60-75% of the channel height before coming back down. Very very very rarely will it ever bounce of the half way support and hit the full height again. It almost never happens. Instead, it only goes up about 60-75% of the way. Which is a sizeable profit. I have seen this happen countless times now.
Don't be afraid, and try putting a small long position at these half way points and sell when it has reached your target of 60-75%. Experiment with what I am saying, and you will see it works.
As for what's happening here, I would like to say the price trend is closing in towards Feb 2nd, I have been waiting for the end of this month as some other publishers here have marked that that is squeezing towards that point as well. And comparing the number of candles it's been closing from the previous pump, this time, this pump is almost following the same trend and is on it's way downwards before a big pump up again.
BTC is correcting right now as well which is caught in a triangular wedge, lasting till about 2 week and ending between Feb 14-Feb 20.
I am new to this, don't trust my advice, simply watch this, and if it does as I have analyzed, then be confident to use these charts in establishing them in your OWN studies before putting any positions.
Comment:
Comment:
Give it a day to breath, buy when it retests 0.28-0.30, then it should pump
Comment:
It retested the halfway dotted blue line exactly as I have explained above. I would not see a retest here anymore. Very strong support between 0.26-0.28.
I won't buy until a candle is fully closed above the blue channel OR it retests 0.28
I won't buy until a candle is fully closed above the blue channel OR it retests 0.28
It is has formed the left shoulder and currently just completing the head. I would wait till the right shoulder has fully formed (indicated by a dip in the near-term) and then it should pump beautifully.