SuperStoch exhausted pretty much on all TF's. IF we are still in range, I am expecting downside. Over the red line and we may see a bullish breakout. Risky trade due to halving fomo, but great RR ratio.
Would love if we get something like this. Shakeout longs, retest trendline breakout + a few major MA's around 7.9k, and shoot up right before the halving. May or may not happen, just an idea that would make the most sense and would certainly be the most painful one. Going up from here seems too "easy" money to me.
Price moved upwards as predicted in the previous idea. We are now consolidating under one of the major trend-lines, where breakout usually occurs on the 3rd TL touch, which leads me to believe we are up for more complexity to form some bullish pattern against the main TL, I'd bet on WXY running flat to sweep the lows first, therefore shorting the 2nd touch (if we...
Halving is obviously very speculative time when it comes to TA. After spending some time trying to make a sense of EW, important levels and market psychology, I came up with my own ultimate halving strategy.
Nearing the top, reasons are as follows:
1, SuperStoch has been very accurate for the past few months and is currently saying we are up for at least a dip
2, Near .618 of the move down
3, Multiyear trendline acting as resistance
4, Near daily block
Could potentially see a pump into the golden box before rejecting and moving downside for B wave.