A keen student on Technical Analysis since early 2019. Looking to publish my thoughts on TA and become a proficient contributor to the community and to learn more from competent mentors. I give myself 5 years to be consider proficient
I see there is 2 models overlaying each other. The Black text states we are in the sos stage where as the red text states we have more to go before the ALT season bull run.
Definitely in the last stages of accumulation and towards breakout.
Refer to my video stream for more indicators supporting this thesis.
Looking at Sol versus ETH.
I give reasons why SOL is a good option more so now against ETH.
It seems the recording failed recording all of it.
Apologies and I don't know why it did this. However the rest of the video, please refer to YT for the complete discussion.
All the best,
Price has taken the previous high and many will release their holdings from when they entered the bottom of this to take profit. DXY looking for a bounce to the upside so makes sense that there will be a pullback. Potential a flat correction before it continues to the upside.
I have the POC as the main support and maybe the MA of the 200 daily will...
I tend to do more videos on other platforms and this is a follow up on previous video posts.
I am looking for trades and I have 2 bullish scenarios looking for SFP or long positions.
Here they are;
Scenario 2) drops deeper for more liquidity with similar levers to take profit or look for short positions with Failed Auction or SFP...
On this chart, it seems that we have the fib extension of 1.618 further down and we have the fib macro level of 0.618 on the weekly here if we include the wicks.
For now, I think the pattern also suggests both levels are relevant.
Averaging in here based on the weekly chart makes sense.
another fib perspective
Its been a while since I made a post here on Tradingview as we ranged and a bit boring to talk about the macro until we saw some change.
Here are my thoughts and potential trading scenarios using Fib Fan, Fibonacci and confluence of support and resistance levels.
If you want regular updates, the YT is the place I do it most.
Please give me a like...
Here is my assessment on #XRP #crypto based on some well known alignments with elliot wave count, wyckoff structure and fibonacci.
On top of the SEC case giving it some legs.
Please give me a like and share
I'm going to outline a few formations along with fibonacci to demonstrate so far, BTC has a few possibilities from a bullish perspective.
Damn, which one is it?
Cup and handle
Bigger Cup and Handle
fib fan and channel
With my fibonacci setup, you can see clearly why we had that key resistance and where is it likely to find support.
Still bullish in my opinion however there is also a bearish scenario. Time will tell.
Look closer and you will identify where we currently have support and resistance on the local levels.
I'm not making calls, just watching the charts...
I do see a good opportunity to find a shorting position in the coming days or week\s.
This is a grind line for wave 4 and as soon a it breaks this prevailing support TL, its time to short.
The BAR strategy.
All the best,