At the moment, USDT.D seems to be trapped within a descending triangle. The value of USDT Dominance seems to be consolidating. We seemed to have rejected the resistance of the consolidation. The current value is a strong weekly level of support. If price breaks above this descending triangle then we can see shorts being built.
On ETHUSDT there is a rising wedge and a bear flag. I am keeping this setup in mind for the next days. There is also a value line on the 1216.98 level and also on the 1202.36 level. A expansion range was also formed and the price is currently at the top of the expansion, and on the top of the bear flag channel. I will be keeping this chart in mind for a short and...
Bitcoin could be about to breakout. If it does breakout from this small wedge then I am placing a long, not yet but if you do decide then here are the TPs and SL..
TP1: 16736.45
TP2: 16841.92
TP3: 17085.25
SL: 16472.33
So on LINK on the 15 minute timeframe a nice LINK entry appeared. The most recent contraction on the 4 hourly chart was on the level of 6.895, and this area could act as a value line.
An Uptrend has begun on the Super trend indicator and there is also an double bottom, Perhaps it can touch the value line again?
TP1: 6.265
TP2: 6.485
TP3: 6.703
TP4: 6.895
SL: 5.790
SOLANA is above the 12 hour value line on an expansion and on the lower timeframe on the trend line ribbon it is now at a downtrend. I am personally entering a short only if it retraces around to the 14.3 to 14.5 area and it rejects that zone only.
Solana doesn't seem to have the best sentiment at the moment and after long pumps to above its value, this dump...
On the 4 hourly chart there is a huge falling wedge on Link but also had a contraction and expansion.
A breakout could be due soon, but the overall sentiment right now in crypto isn't the best and it had a violent pump right above the 6.1 USDT value line (LINK).
and is struggling on resistance right now, personally, I'm keeping Link in mind as a swing trade.
I...
On the 15 minute I found a small head and shoulders and might consider this trade if it breaks below the neckline.
The last TP is the value line and if this pattern plays out it can go back to value after the contraction and expansion which was plotted by this contraction indicator.
TP1: 16010
TP2: 15912
TP3: 15823
TP4: 15738
SL: 16211
I decided to place this small BTC long to see if this Monday move was a fake move.
The last 4 hourly contraction value line was plotted on the chart and an expansion below has happened, perhaps an uptrend to the value line can happen?
TP1: 16150
TP2: 16349
TP3: 16530
TP4: 16700
SL:...
I found this possible short scalp trade, the value line is the TP and is way below and ETH expanded above and broke the trendline with low volume. A SSL Exit arrow also formed, I am taking a chance with this scalp.
TP1: 1212.03
TP2: 1181.8
SL: 1249.7
Note: A contraction may be forming and the stop loss is pretty tight, I am going to wait for the close of this...
Bitcoin failed a falling wedge bullish pattern, maybe it got some liquidity and is going to try to rally up to 19k soon?
Seems like a nice 1,2,3 Contraction, Expansion, Trend phase can play shortly with this expansion.
Looking at the ETH Chart you can see that its currently in a Low volume ranging market. ETH is in the contraction phase, just bounced a little from a support zone, and is overall not moving alot.
After this it will have a large move, either to up or the down of the value line this isn't what's important
What will be important is trading the trend after the big...
9.8.22 DXY I'm trying to show you a contrast in expansion and contraction comparing the dxy to bitcoin. I am very aware that some of this will be unclear for some people, and that is quite alright and it is expected. But persevere because it is worth it. This is the type of processing of a market it is better done when you work the scenarios through your brain...
9. 7. 22 Bitcoin This is expansion and contraction part 2. It would probably be best to listen to part 1 first. I decided to use some of the other tools that would facilitate my training once I understand how a market expands and contracts. There is one thing I did not say it is video because it's automatic and I've said it so many times before: When I went to...
