Bottom is in the process of forming. Will most likley make one last violent move towards the downside to obliterate the last of the retail traders. At that point its bitcoin to the moon!
Im all In.
Ive Been studying MMM for a while and I would like to put its Theory to the test. It will be interesting to see this play out.Monthly Reset
Friday Snatch the Market back from Sellers
NFP Buy Zone
Beg of Month False Move
Strong Month Bullish Rejection
Pretty Clear Set up.
- Weekly Got a nice bullish Rejection - Followed By an Inside Candle. Meaning Waiting on a pop.
- We are on the support of a consolidation structure which has proven to elevate price in the past.
- We've got two set ups here that confirm my thinking. Inverse Head and Shoulders off Strong Support
- Bullish Flag ( With Ranging...
We had a nice anchor point W. Currently we are in a counter trend retrace that very much resembles a flag pattern.
Also on the Daily We have a Fakey Candle Set up. Dont be surprises to see price dip to my buy zone only to trap the lower level sellers and quicky reverse and resume its bullish momentum.
Stop Losses and Take Profits on the Charts. Good Luck!