Updated

Breakout: Quest to the Retest. Starring Eth.

I can see a second wave up after a short triangle pattern formation, before hovering below resistance and ultimately enter a steady, painful descent back down.

Being in a struggle to maintain the White zone as support, with a higher chance dropping to my blue zone.

Ultimately creating an obvious retest of the Breakout and then pumping to retest All time high.

Another possibility is that we bounce longer within the white zone, and drop to retest the blue breakout area, but only for an extremely short window.

Before rallying directly past the Red Resistance zone without stopping until we hit the area below ATH.

Just a possibility of Price action. I hope you keep this in mind as you determine your trading decisions.

Trade safe, HODL on. Don't get wrecked and don't sell everything too early thinking it's guaranteed to head back down. We have been sideways long enough for you to accumulate your portfolio.

Just something to think about.

Note

Zooming in on the 4 hr so you can have a better idea of what I think might play out.

Note

Price action will inevitably begin forming structures and patterns you may recognize later on.

Shapes within Patterns, made up of patterns of a shape.

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I hope that those who follow along my posts, dwell and reflect on why I see price action the way I do.

How everything ties together, seemingly at random and coincidental.
And at the same time completely obvious when more of the picture get revealed.

It's organized chaos. That's how I see everything in life. There is a reason and a purpose for everything even if I never get the chance to find out why or how.

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I see a lot of hate in the world, and I understand. It's easier to hate than it is to forgive and move on.

I have spent my life trapped in my head, as long as I have been able to talk. And I had no one to talk to about it.
I may not have been alone throughout my life, but I have always been lonely.
I have so much hate and anger and pain within me that I do everything I can to make sure it doesn't spread to anyone else. I don't want anyone to have to feel the way I do when I'm lost in my head.

Because I understand, that it all connects one way or another. I don't want my son growing up in the world and environment that I had to endure. I especially do not want to be the reason it was allowed to continue.

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I hope you have a great day, and I hope you decide to not spread anger or hate onto the world, there's enough of that already, but instead choose to be the reason someone smiles today.

Even if it was just for a moment. I live for those moments. It makes everything else worth it in life.

I find it hard to be happy despite so many reasons why I should be. So it feels good that in some way I might be the reason someone was happy and able to genuinely smile.

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I'm sorry for just rambling right now. Sometimes it's necessary to write down your thoughts as they appear in your head. It helps you realize what your subconscious needs to let out.

Note

Like I was saying, It all comes together in the end. I never planned to draw up that ascending channel, I only noticed it from my price prediction doodle. Zooming out you can clearly see just how relevant that specific channel actually is.

Note

The FOMO is real. Didn't even care, went straight for the top of resistance. But do not get scared if we do eventually head back down for a retest of my blue zones. If we confirm support, that would give more confidence for a strong rally upwards. Pull backs are nothing to be afraid of.

Ccxsolution

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Ccxsolution