SEI - Technical Entry Into A High Rank Banger
Updated
SEI #68
Wild breakouts in altcoins today.
This is now one of my favourites and having a big breakout here - up 16% 🔥.
Its a very nice technical breakout here.
It was a deep pull back but not too deep like others that I cover - ILV, PYR.
It only dipped a little below the 0.618 and that was a sign of strength.
And now with a fast breakout, this coin looks like dynamite 🧨.
Notice the slightly lower low with the RSI uptick.
If you've been paying attention that should be engrained in your mind as we've seen it so many times.
It is of course the Wyckoff SC > ST low.
Interesting isn't it how the market is very fluid and dynamic, but within that complexity there is a repetitive skeletal structure that we can pick out and and make technical entries with.
So we bought some around the 0.618 but now it is breaking out like this and Bitcoin is looking strong, I have bought some more right here.
This one should be a banger 😼.
Not advice
Wild breakouts in altcoins today.
This is now one of my favourites and having a big breakout here - up 16% 🔥.
Its a very nice technical breakout here.
It was a deep pull back but not too deep like others that I cover - ILV, PYR.
It only dipped a little below the 0.618 and that was a sign of strength.
And now with a fast breakout, this coin looks like dynamite 🧨.
Notice the slightly lower low with the RSI uptick.
If you've been paying attention that should be engrained in your mind as we've seen it so many times.
It is of course the Wyckoff SC > ST low.
Interesting isn't it how the market is very fluid and dynamic, but within that complexity there is a repetitive skeletal structure that we can pick out and and make technical entries with.
So we bought some around the 0.618 but now it is breaking out like this and Bitcoin is looking strong, I have bought some more right here.
This one should be a banger 😼.
Not advice
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"BOOST" me up guys if you like the DEEP value call to get this up the TradingView lists - thanks 👍.Trade active
Bitcoin is spilling its guts again down 5% for the day.
This is all normal corrective price action post selling climax and see my Bitcoin thread for details.
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But looking at SEI chart you'd have no idea that Bitcoin is dumping 😅.
It is currently at breakeven for the day.
And now looking at SEIBTC, the RSI has been probing high into the upper quadrant for the first time since the first major dump back in February.
This is a big clue that the next wave up is coming.
SEI is one of the strongest altcoins through this Bitcoin dump.
Its worth noting here also, that bears are really banging the drum now for a market crash both in stocks and crypto; with the FED interest rate cut looming.
I have covered this in detail in a recent video which I haven't yet had time to record for TradingView, but after the initial post FOMC volatility subsides and also with the potential for a fake-out move to begin, I do think the outcome will be bullish.
Remember that in trading, whenever the drum starts beating on one side, whether that is bullish or bearish; generally you want to be positioned on the other side to be successful.
I'll be making a Bitcoin and crypto video for TradingView soon so be sure to check my profile.
Also if you BOOST this thread you are more likely to receive notification by TradingView algos
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SEI up 25% and no.1 gainer in the top 100 in the last 24 hours.
I told you this one was a banger 😼.
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Another strong day for SEI, this could become a strong uptrend right here... 👀Trade active
Is rocketing here at the end of the day; up 15% now.
We've seen some big moves already; TAO being the highlight...
Bittensor and Sei are no.1 and no.2 gainers for the past 7 days 👍
But what is exciting with SEI compared to other gainers such is that it bottomed within the retracement Golden Window.
The retracement low was only 100% higher than the market bottom, which for a crypto isn't much.
So this one might turn out to be a lot of fun 😅🚀.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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