Buy high sell even higher

Continuing my earlier idea we are hanging around the same levels and we are not falling down
countless attempts and 6 bad highs

big money is accumulating and the volume shall follow up soon enough..

Like earlier moves, it is important to ride the wave up and take profit fast enough..

my targets are still:
80 minimum
130 my realist

but i intend to ride the wave to 260 if needs be.

Note

A quick description of what we are seeing

Fibs are a way to divide the market and the golden pocket (any 1.618) is considered the golden ratio and one of the most important levels

Here we have the fibs that look on a good retracement to buy from and as you can see price is hovering within the 0.58 to 0.618 in the form of bad lows (price tries to bite down and cant)
this can play in 2 ways usually but its mainly bullish

Price can bite down to the point of confusion and look for stoploss and liquidity. when price is doing something like that its to get retailers money (our) and big players get in at favourable entries after the liquidity from stop losing.

a good low like that can be at 19 usd(slightly below 0.65 when "normal" traders think all is lost) , after it stoploss the longs and the big players are "in" retailers usually end up getting inside the same position and add the same money so nothing was lost in terms of market cap.
theres a nice quote that says "a good entry is when everyone else has been stopped out" - dr david paul

thats when price recovers and looks to the upside and sweeps the bad lows to the upside and takes the liquidity from the shorts and we will see this singleprint breakout.

the second instance is a little bit nicer to retailers.. we get enough buyers to penetrate the 0.5 levels to about 28-30 usd

a retest of that same level and IF it uses the 0.5 on support we can see a massive breakout a good example will be the way GME broke out from 19 to 20.5 to 28 before visiting 66 and retracing now we use a higher level for support (22.5 to 25 is the range of the "lows")

Now we talk about the second box of fibs i have, this is a trend based fib and what it helps is determine good levels to get out from.

The first is the golden pocket at 56 usd to the 0.786 at 67 usd

the next is at the 1.618 golden pocket 120 usd and considering the possible moumentom it can reach slightly above it.

depends on how much shorts we have the bigger the spike will be.

If the big smart money wants to destroy retailers it will dump to 19 to the point of confusion and nihalism (we are going to lose 70% Q_Q ) and just pump from there.. the accumulating shorts that see the move down and try to join will provide the upside fuel for the move.

So be advised from that kind of stuff if you have a retail level entry (what we have now)

Will it breakdown before up? not 100% sure
Am i safe? never.

What can I do to reduce my risk?

reduce or remove your position right now so when and if it breaks down your loss wont be big and place buy limits at 19.6 or 20 usd. for scenerio 1

wait for the pump and retest of 28 usd before it breaking out and add your money then..
these type of things can provide you a certein edge. thats for scenerio 2.

scenerio 3 is that we just break down so adjust your stoploss accordingly..

the fibs to the downside will act as supports the fibs to the upside will act as resistance..

I hope i was clear enough and easy to understand :)

Captainobvious5454

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Captainobvious5454