Long

Mock Up Price Action for BAX | Near-Mid Term (12HR)

Updated

Mock Up Price Action for BAXUSDT | Near-Mid Term (12HR)
- Entering LONG here with additional buy orders staggered below to parallel channel support
- I made a lot of money off of last bull run and I think the timing for entering now (for me personally) makes sense. I like to hedge my bets by buying up small/micro cap coins leading into a potential market pull back correction

Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news

Note

Yeah. I'm loading up. BAX has consistently taken big runs, after BTC and large caps make moves then pull back. Q1 2024 up till halving I believe is BAX's time to shine.

Note

Been steady accumulating at every dip. I think things are about to get pretty interesting for BAX.

Note

When in doubt, zoom out. 1 Month timeframe. Seeing bullish reversal signals in doji and bullish harami candlestick patterns.

Note

I think it's important for people to pay attention to the flow of money from BTC to ETH to Large/Mid/Small then Micro Cap Alts

Take right now for instance... BTC looks like its on the edge of a cliff.. Entire market starts taking a dump. Except.. BAX and micro cap coins.

When retail takes their money out of the higher market cap coins at profit and/or out of fear for correction.. but still wants to get that 'I made a trade today' fix.. that money flows into these micro cap ALTs that haven't moved much while the rest of the market went nuts.

Note

I know it doesn't seem exciting to buy a coin that isn't doing anything... but IMO, that's precisely when I would.

Within 30 days from now, we will see a broader market correction and pullback from the top down.

Micro caps like this, then go on monstrous runs.

Note

Inverse Chart of BAX "Massive Dump Inbound" | Mid Term (12HR)

Note

Holding support of bottom trend line for long standing parallel channel.

Note

Watch out for this scenario with BTC impending.

Mock Up Price Action for BTC | Near-Mid Term (12HR)

Trevictus

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.