Long

Updated

GVT - Breakout in progress

Recently broke through diagonal resistance on high volume
Will look to buy on backtest

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Short term setup identical to my EOS idea
Deep zigzag (2), shallow sideways (4)
Charted this second, but this is further along in the setup than EOS

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Almost at apex

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Daily candles are worrisome for my micro count, potential tweezer top
Tight stops

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Looks pretty bad, rising wedge on obv osc
Bearish engulfing 4H closing in an hour

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Broke down from triangle as suspected, looking down at that nice hotbox at the .618-.65 fib retracement, 1:1 fib extension of A, and relevant pivot level
Reaction off the .382 not inspiring confidence that that's the local bottom

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Forgot to include the rising wedge on the OBV osc that broke down
Looking for a bounce at a relevant obv support as marked in purple

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Small reaction off the box, one more leg down to purple line before reversal

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Pretty damn good, order filled at .0019810
Strong reaction suggests that was the local bottom, major catalyst tomorrow.

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Buy opp coming up

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i.imgur.com/64hMaxT.png
How's that for accuracy lol

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Adjusted micro count in light of price action
Still looking for the (2), confluence of 1:1 of (A) and .65 fib retracement of (1)
A lot of red today in the alts...

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Weaker than expected, 1-2 still intact above the blue .786 retracement

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Small update
Bottom of demand zone, bull div on OBV
Expecting decent bounce here into first red box before heading lower
Unfortunately not much support below until ~.001

rtang1995

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