- Before anything, I would like to say the less aggressive way to take this position in my opinion would be to wait for this to break and retest the lower high/previous resistance, as shown in the chart.
- RSI oversold on 1H time frame
- Most likely will need to correct on the 4h timeframe, possibly to the 20 period moving average on 4H (again, high risk unless...
I hate FUD but why is it mapping this trajectory??!I don’t have any research or possible reasoning for it but I drew these lines a week ago just as a test and it’s like it’s supposed to go down. So confused.
the universe is a simulation based on math, fibonacci aint lyin yo
ps looking for a 20-25k pump into 30% correction, 14-15k for moab long entry, 1 year candle of pure pump, sell your grandma for 30x on bitmex
Descending triangle breakout on an inverted 3day chart compared to daily 4h.
Maybe because the 3d chart is inverted the price break out within the invert also becomes inverted-inverted, so the drop is actually a pump in our timeline.
Descending triangle inverted to bullish trade
The false breakout means Price is back in the range.
Stock markets also went down a little bit..
Price holding above ~12.4 area would invalidate this back in range theory, So i am looking for entries near 12.1k-12.3k..
We'll see whether we get a re-test of range highs.
A divisor of 4.101x, decrease in %age between waves 1 and 3.
Watch for a sneaky drop, the price may fill an inefficiency, fast.
Look at the prices on the Y-Axis, a lot of whole numbers where the gaps are, isn't that strange? At least 50% of the lines are whole numbers... :thinking_face:
Bitmex triggered and filled my stop-loss without price action ever reaching my stop. This is actually pretty funny. I've been suspicious that they activate stops prematurely, especially if the market is capable of continuing in a certain direction, but most times the market is reversed by manipulation before that happens, so Bitmex's trading algorithm is outdated....