The probability of this asset breaking out above the current range becomes more and more likely the further down this channel we experience these large swings. Each oscillation of price action against the upper and lower bands of this squeeze promote expansion. I describe in this video why this scenario IS the likely outcome even against a bearish BTC.
I know I sound like a broken record but this asset IS still in a squeeze, thus TRADE THE RANGE. A lot of shredding of this chart is going to start happening as this squeeze starts to expand out. We are going to see BIG MOVES in every direction. Use this as an opportunity to take some money out of this market, it is a win win for all of us. Sell insurance shorts at...
These are the only levels that matter in this moment, beware that top level will violently burst when it gets tapped too many times. It comes down to the taps. Double, triple, 4, 5 6 taps all add up to weakening resistance. Trade the range but know the risk, you will lose at least one moonshot in your career, make sure you don't lose the bank. Pullbacks are GOLDEN...
Here are the current pivot points with 2 major levels showing up all of a sudden consisting of very thick order walls protected on both sides with a slew of orders.
Anytime two bullish levels intersect it is considered confluence. When two bullish technical levels intersect it is called bullish confluence. The yellow lines indicate the bottom of the range according to trend, the green box indicates the bottom of the horizontal squeeze range. The trend means absolutely nothing to us other than to mark where anticipated wick...
For those of you who keep saying that the range has broken, please kindly take a glance at my chart. This range was never broken. The asset has dipped very low into the pocket and will likely produce a massive wick. VARA is in a situation where the range is descending ever so slightly into a bullish squeeze which consolidates horizontally over the long term. All...
Correlation with VARA is strong, MATIC price action drawn down by FUD pulling price into a bullish pocket. Order Flow (Bookmap) Pivot Levels $0.62 (Bearish Pivot) $0.3751 (Bullish Pivot) 65% PLUS LONG POTENTIAL
Price action has been in a bullish squeeze for the past day with the first head fake down into the bullish pocket early this morning. VARA has a massive bullish weekly candle with still about 9 hours remaining. The weekly candle that starts tomorrow is statistically more likely to close green and at a much higher price. This bullish movement is far from over...
UPDATE! See in chart video for levels, pivot points, and targets.
I remain long on this asset which remains within a long squeeze. This range we are trading is phenomenal in nature providing some of the easiest entry points at pivot levels that have been highly predictable in nature. The weekly candle has about a day left and remains strongly bullish. Statistics show that the next weekly candle will be green, probability towards...
Here are the new levels. Support is .022. Resistance is just above where price action is. However, resistance isn't much at about 1,272,543 coins right now so just be aware of that if you decide to take insurance at that level, it is a risk, maybe not a huge risk but still with this kind of volume no telling where this thing is going next.
Here are my levels based upon actual order flow data.
Long target remains $0.20 however, trade the range, the range is solid but be careful. Good luck everyone.
This is a digram showing the results of after I have recorded order walls from bookmap. As you can see I can now easily tell where the price action is more likely to pull back should a pump occur. Order walls need to be maintained and recorded accurately to the penny as often as possible to ensure precise targets as possible
I'm using VARAUSD for this tutorial presentation because that is the coin I am currently trading. In this tutorial I demonstrate how to locate nearly exact pivot points for great entry and exit opportunities to swing trade like a professional. Just remember, the levels need to be updated often. You cannot set them and forget them. Something I did not mention is...
See chart notes; as you can see this asset broke out of the squeeze with a spike downward, statistically speaking, this should reverse leading to upward movement. However, statistics do not always predict so the price could of course go down.
On the flip side of VARA we have this correlated asset which is + about 20% above VARA, thus there is a very high likelihood that VARA will pump should Polygon break as I predict in this diagram. There are several correlated assets that are entering into a bullish squeeze this morning, seemingly one after another. VARA has already broken out to around 10% in this...
BTC remains very bullish with recent pullback likely a knee jerk reaction to the Fed announcement. I believe we will be seeing higher prices targeting $135k approximately with a period of sideways movement to precede the upcoming breakout.