This user was banned for violating the House Rules. The ban is for social activity only - participating in public chats, publishing ideas, commenting and so on. The ban has no effect on the functionality of the platform.
Just some anticipation.
365 is an ideal target. If you don't want to risk a buy now, you should definitely wait and short at 365.
It offers a confluence of different major levels like a longterm resistance (purple)
and a strong OTE level. By the way a similar move has happened right around the same time one year ago.
This is a layout, don't take this as an exact...
315.54 is the midterm low. I see a lot of demand at this level (long wicks, high volume)
Whales are running the stops of the buyers. triggered stops = market sells => whales buy into these market sells.
additionally new sellers might come in because they think it's a "breakdown".
PRZ is the potential reversal zone. I took the fib tool and tried to find a bottom...
We might be cought in sideways within the red channel for another 20 days.
I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago.
The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ).
The question is what will happen after the yellow box? The red box...
Key Trend Lines
A couple interesting trend lines for you guys to watch out for.
The white arrow is representing a 40% increase in 20 days.
I do see a sharp move like this coming, once the current triangle is broken.
Wait for a voluminous breach of the purple triangle, and place shorts/longs in the same direction.
I provided a couple targets for both directions.
Small green arrows are 1.618 extensions of the big green arrows.
They nicely land into existing key support/resistance levels.
I prefer the upside as it would be a good point (in the context of the 2. auction) to...
Bullflag broke up to the upside with nice volume confirmation.
A clear bullish signal. 6.18 % potential profit guys. who wants it ? : ]
Also notice the confluence of the A'+ target (at 405) and the 1.272 expansion of the BETA leg !
That's kind of awesome :D
A typical bull pennant with diminishing volume at the end.
Whales might try to run the stops bellow 372 in a very sharp move.
This trade idea becomes invalid once price reaches the apex of the pennant without any significant action.
An easy method that I'm using to anticipate whale behaviour. Identify stop hunts, messure how much the whales drove price up/down to run the stops, and then project the same distance x2 to x3 in the opposite direction to have an idea around what levels whales would like to take profit.
Positions yourself early for the next tech bubble.
Smart money already accumulated in the green range which we are leaving rightnow.
Best buying opportunity would be one more of these spikes to the channel bottom.