After circling the current fractal in play as one from May - Jul 2018, I started to notice other coincidences
I marked the weekend Friday midnight to Sunday midnight with dashed vertical lines
Next I measured the height of the two pumps from the 2018 fractal
When the first pump is overlayed on the pump from 4k, it is almost the same price increase
If the next...
Heading for target
another week before month end
Many people looking for a bang close high so always got to have a bang close low in the back of your mind
Low I will be looking for 3460
High I will be looking for 4580
Possible cup and handle forming.
Watching closely 0.0121 to see if there is another push to 0.0135 with possible wick to 0.01243.
Or will support fail and retest below 0.01
sidenote: the only tea I drink is a liquorice tea.
A well defined cup & handle on the LTC chart
I shorted the top of the last leg as it was tweezer top candles on the 4hr
I think a drop from current position and I will be looking for entry back to long
For further information on the indicators I use
Bottom / Top Finder and...
I don't think this pattern will achieve a full retrace to 3980-4000
I would like to see next move push up to 3820
Currently watching wall on Coinbase and Binance around 37-3720
So these orders are either going to be removed and we will bounce up the next leg or we retest support 3680 which can be seen on the heatmap using TensorCharts
If we see 3680 I will be...
Fixed range volume profile
Left profile is from 5700 down to 3160
Right profile is from 3160 to current candle
Magenta is buy volume
Blue is sell volume
Light blue dashed line shows where spikes on one side
correspond to dips on the other side
White dashed line are areas of interest to me
where there is a dip but no corresponding spike
I am looking for price...
More times than I can remember, the inverse head & shoulders breaksdown before completion.
This is my projected candle path for this setup.
I did look at the possibility we would go up again to 41-43 before going down but I don't think that is where we are at.
It is almost midnight on Christmas Day and I am tired and indecisive.
Couldn't decide between flag or inverse head & shoulders.
I will probably wake up in the morning and both were invalidated.
Anyway Im long 0.0416
Possible entry at current price level 0.0436 or long breakout / right shoulder, I would wait to break 38.2% fib 0.0450
Take Profit 0.0468
Try to blank out what doesn't look relevant as I can't be arsed hiding lines etc to make it simpler and cleaner
(this is why a layers/groups option on drawings would be ideal, remove drawing objects related to an idea eg all trend lines or later for diamond bottom at the click of a button) anyway I digress
Looks to be painting a flag (blue line...
I am currently looking for indication the next move will take us to the 61.8, possibly 78.6 fib
The 61.8 fib lines up with current level and size of earlier candle 3240 - 3470
Looking at volume profile I have orders to add long if we retouch the 3240 support or wick to 0 fib at 3200
I already have a short open from 36 so will keep a close stop on long,...
This is an example of a possible inverse head & shoulders on 4hr and below time frames.
The levels can be matched up with spikes and dips in the volume profile
Levels to watch
Right shoulder tip: 4150-4100
Neckline: 4280 - 4320
Right shoulder base: 4370 - 4400