A bit messy but a falling wedge on BTC could have formed here which is a bullish pattern. We are also at range lows, with a deviation already done.
RSI has also reset to January levels, hopefully ready for the next push up in the coming weeks
NAKA is looking for a bit more selling pressure here IMO, my first bid would be around 1.1
But also we have the Fibs (0.382) on the resistance from 2022 and late last year which if ALTs bleed a bit more could be hit so maybe stink bid it there.
I have my targets of between $20-$32 for NAKA and will start scaling out from $15
With over a year of accumulation on DMTR we got the initial pump up and now I would expect a retest of last years ATH before continuation. With BTC ranging the more likely this will be the case
Found this from a few weeks ago and it has played out. Fibs respected and with the liquidity zone I thought there would be a bounce there.
Currently not trading Apple as I am 100% in Crypto but still good to practice on a range of charts.
Where do you see Apple heading?
Using the Fibs we got our targets, and also taking a measurement of the first touches of the pennant you can see we nailed this target bang on.
The plan was to take profit there as it was my 4x TP zone. But did I? Of course I bloody didn't.
But we learn and move on.
Hopefully, a retest of the previous ATH and we go again. Still supper bullish on this project...
I used the Fibs a few months ago and it just so happened that the top was around the same area as my 4x TP zone.
Did I take profit? Of course not, I thought we were still early in the bull run and BTC looked good at that point.
All part of learning to control emotions, as if I had stuck to the plan I would have had dry powder to play with on this dump.