#BTCUSDT: Bloddy September Incoming?Welcome to this quick Update, everyone.
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As shown in the last post the channel worked perfectly fine.
However, before you go full-on bullish keep an eye on this rising channel that BTC has already broken down.
For BTC to continue the bullish momentum price needs to close inside the channel.
Else this could end up being just a retest before the red September arrives.
I am avoiding futures trades now. Closed most of the positions yesterday some on loss too.
The weekend is near.
In case there’s any change in the trend, I’ll let you know first!
Keeping it simple, back inside the channel and BTC could easily break through the 52k level by the end of Sept but the way it's looking.
It's not looking good, to be honest.
The only good thing is BTC is maintaining the 100MA.
Also, I have been accumulating altcoins on my Spot account.
IMHO, next few weeks we can get a good bargain on altcoins which will eventually go 2x to 5x by the end of this year. So follow me for the setups.
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
Cryptorphic
Mask is ready for another leg up...Mask is consolidating above the 0.68 Fib after breaking out from the triangle, you can also spot head and shoulder...
Binance adding Mask to futures signal a gigantic move for Mask from here.
We all saw how C98 was pumped hard after being added on futures...
aiming for 23% above for the next move...
DYOR and NFA.
Thanks for having the time to go through...
#RUNEUSDT 170%+ Potential Rally ahead! Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
RUNE Broke out of the Inverse Head and Shoulders Pattern in HTF.
the price is retesting right now.
The pattern started forming on June 21st, 2021, and broke out on Aug 21st.
60 days of formation broke out a few days back. It couldn't be that weak.
The chart is pointing towards a 170% + rally.
Best entry:- $8.92 to $10.4
Targets:-
$10.96
$12.56
$13.88
$14.11
$15.89
$15.77
$18.26
25% Position you can hold till. $25
Stop Loss:- $8.33
Do your own research before investing.
I put my maximum effort into finding these setups. Please try to put some of yours too, before investing.
What's your thought on this?
Do you think this correction is over?
Do you think RUNE could easily start pumping from this level?
Do hit the like button if you like this setup and share your views in the comment section.
Thank you
#PEACE
#BTCUSD Bearish Divergence played out? Next bounce area?Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Bitcoin played out the bearish divergence and got rejected from 50.5k level.
I WARNED IN MY LAST UPDATE TO AVOID MARGIN AND FUTURES TRADING.
I hope you all listened.
The price also made a low of 47.7k which is an important level.
The only support we have in the short term is the 200D MA.
Holding this level could take us back above 49k within the next 48 hours.
Break below this level BTC will be bearish and we can expect as low as 44k to be tested.
The overall trend is bullish, I just shared the LTF scenarios with you.
In a nutshell, I will avoid margin longs unless I see some concrete confirmations in the daily chart. All we need is to maintain the 46.5k level in daily closes. If we do both alts and btc will start rallying together.
Don't worry I will keep posting these ideas for you all no matter if the market is dumping or pumping.
So stay tuned and chill.
Keep accumulating the ALTS in BTC pairs on spot.
They will be profitable.
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here?
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Thank you
#PEACE
#XRP/USDT Broke out. 42% potential Rally Ahead!!Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Let's get to this setup.
XRP is broke out of the Triangle.
A retest is due and the retest will be the opportunity to buy some or long with low leverage.
Best Entry :- $1.18 to $1.27
Targets:-
$1.43
$1.56
$1.61
$1.72
Stop Loss:- $1.09
Caution:- It's very important to be careful now. I am seeing breakouts in Alts everywhere while BTC shows Bearish divergences. So things are quite uncertain
Since the market is looking very bullish expect some correction here.
IMO Adding on partially would be a good idea and If you want to trade on futures, better wait for the right green candle for the right confirmation above the triangular resistance turned support trendline. Also, DYOR before taking this trade.
If you are new to trading, avoid any long or short atm.
What's your thought on this?
Do hit the like button if you like this setup and share your views in the comment section.
Thank you
#PEACE
#REEF/BTC broke out Inverse H&S. 40%+ Potential Rally!Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
The bitcoin dominance is falling as per my chart and I believe alts will do good within the last quarter of this year.
September could be the best month to accumulate altcoins in BTC pair.
This is why I am posting altcoins this time so that you will be aware of the best alts to accumulate with less risk.
REEF has some exciting fundamentals in the last quarter.
Technically it broke out of the Inverse H&S Pattern with good volume.
Better start accumulating at the CMP and add more in the dips.
Entry :
43 sats to 50 sats
Target:-
57
63
69
74
83
If you want to hold it till the end of this year that would also be a good idea until we see any changes in the market. You can expect 2x to 3x profit.
If that occurs I'll update you all so nothing to worry about here.
Not providing any SL here.
Buy every dip if possible.
#DYOR before investing.
What's your thought on this?
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Thank you
#PEACE
#BTC Couldn't break $50k. Is the momentum fading already?Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
On weekends volume is low. BTC reached $49.8k but couldn't breach the 50k mark.
What's really interesting is the price is holding the 48k level.
As long as this level holds a rally towards 51k is highly likely.
I expect 2 scenarios here to play out till Monday.
I have shown in the chart.
Once we hit that 51k mark a correction is likely.
My thought is if BTC hits that level by tomorrow better close your long positions and expect a bloody Monday.
Please observe.
What's your thought on this?
Do you think BTC will start its correction from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#BTCUSDT Bearish Divergence in LTF. Correction Incoming?Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
BTC Broke the 50k resistance and is currently trading at 50.2k.
Everyone is very bullish now and even the altcoins are showing a lot of signs of strength in Higher time frame charts.
In the last update, I said it's better to wait for correction in BTC to get into good positions with alts.
I haven't seen that yet.
BTC is also showing Bearish divergence in the lower time frame as you can see in the chart.
The market has been. green since many days.
Also in Extreme greed.
You have to be extra cautious while trading.
If you are new you better wait for the right time to enter.
All my futures positions are closed now in massive profits.
Holding on Spot only.
As per the chart, we can expect a retracement towards the green box 1 and 2 both. ranging from 45k to 48k level.
Daily closes above the 48k are all that is needed for now.
Close above 51k means new ATH.
So overall trend is bullish but in the short term, I expect some correction here.
What's your thought on this?
Do you think BTC will start some corrections from here?
Or do you think BTC could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#BTC Dominance bouncing? ALTCOIN Opportunities ahead?Welcome to this quick Sunday Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart.
The BTC.D Chart that I posted earlier followed the speculated path perfectly.
The chart shows the possibility of some bounce in this index which will eventually lead to corrections in altcoins.
These corrections won't last and should be considered as an opportunity to accumulate at lower levels.
So far we have traded many altcoins like:-
VET: 37% Profit
TOMO: 11%
COS: 70%
REEF::41%
DGB: 29%
LRC: 45%
BEAM: 24%
IOST: 28%
OXT: 34%+
XRP: 19% and many more...
All these Altcoins were posted and have shown massive profits lately without leverage.
I will be posting more setups this week.
So follow me and do hit that like button if you like me to post more Spot and Futures Setup.
Do share this chart with others.
Thank you
#PEACE
#COS/BTC 240%+ Potential Trade Setup!Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
COS Broke out of the 140-day long triangle and is currently retesting the support level.
It's highly likely it can pump 50% to 120% in the mid term and even try to break it's previoous ATH with a possible pump of 240% +.
ENTRY : 33 sats to 38 sats
Targets:-
47
56
74
84
97
106
SL: 29
What's your thought on this?
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Thank you
#RVNBTC 74%+ Potential Rally on Breakout!Welcome to this quick Update, everyone.
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RVN is on the verge of a breakout. The breakout here could lead us to almost 74% pump to the previous Highs. My plan is to accumulate on Spot.
Either you can buy the breakout or accumulate slowly in every dip.
Accumulate:
First Entry: 272 sats to 295 sats. (To avoid missing out on this trade)
Second Entry: 235 sats to 260 sats
Targets:
339
360
388
426
458
488
Stop Loss:- 217
What's your thought on this?
Do hit the like button if you like this setup and share your requests, ideas, and views in the comment section.
Thank you
#WRXBTC Looks Ready for 200% Potential Rally!!!Welcome to this quick Update, everyone.
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WRX broke out of the triangle after almost 127 days!
It has been trading around the 3ks for quite some time.
Volume is increasing too.
I believe It can easily start a rally soon.
They also have some strong fundamentals in the month of Sep and Oct which will act as a catalyst to its rally.
ENTRY :
2500 sats to 3100 sats
Targets :
4021
5085
6025
7236
SL:- 1977
This is a mid-term setup and I will be holding this one on spot.
What's your thought on this?
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Thank you
#PEACE
#TOMO/BTC is Ready for 72% Potential Rally. Trade Setup!Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
TOMO could breakout of the falling wedge pattern anytime!
Once it breaks the price is highly likely to rally between 45% to 72%.
Accumulation level: 5700 sats to 6600 sats.
Targets:
7474
8377
9052
10400
11210
Stop Loss: 5344
What's your thought on this?
More setups to come.
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Thank you
#PEACE
#BTCUSDT Reached $49k! Next Move to $74k explained!Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
BTC broke out of the expanding channel which I discussed in my recent updates and reached the
$49k level.
The chart shows a possible retracement towards the 47k level and Finally, BTC could hit the 51k range. The reason is 49k level has been an important area of support for almost 12 weeks.
Expect this level as resistance.
Breaking this in one candle could be possible but unsustainable.
The overall trend is bullish but expect some red candles on the weekend.
The retracement will give us more opportunities to enter alts at discount.
Before opening, any alt positions do understand that BTC is at the resistance right now.
Another thing to notice here is Breakout of the 43k level was very important for bullish momentum and so is the 51k level.
Once this level is broken expect a rally to a new ATH.
I expect $74k by September End to October First week only if the 21WMA holds in the weekly chart!
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here and move to a new ATH?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#XRPUSD 200% Potential rally Trade Setup.Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
XRP broke out of the falling wedge channel after a correction from a $1.966 high reached on April 14th, 2021 making a low of $0.50.
The breakout has open the door for an attempt to break the previous ATH which is $3.317 (Jn 04 2018).
I have some XRP for very long in my long-term portfolio.
I've been holding this coin for a long time.
Better if you accumulate this one on spot.
ENTRY: $0.88 to $1.11
Target :
$1.47
$1.61
$1.92
$2.24
$2.78
Stop Loss: $.73
What's your thought on this?
Do you think this correction is over?
Do you think XRP could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#VETBTC PUMPED 37% ! New Trade Setup!Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
VET PUMPED ALMOST 37% right after I posted my last setup!
I am still holding and accumulating these dips.
If you haven't entered yet it's under retracement now so it's a good time to add some around 240 to 260 sats.
Target Still remains 239% from the bottom.
What's your thought on this?
Do you think this correction is over?
Do you think VET could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#BITCOIN's road to $162k by May 2022! Here's Why!Welcome to this Exclusive Analysis on BTC everyone.
If you are reading my analysis for the first time, do follow me to get more complex charts in a very simplified manner
I also post altcoin setups on Spot, Margin, and Futures .
Let’s get straight to the point and zoom out the bitcoin chart and see how bitcoin bitcoin reacted after the last three halvings to understand the potential target for Bitcoin within May 22.
First Halving
The first halving of bitcoin happened on 26th of November 2012. After the Halloween the bitcoin price pumped all the way to $1140 with an increase of 9390.87% from its having low.
We saw an almost 83% retracement after that which was a bear market for almost 420 days.
Second Halving
After the second Halving the bitcoin price made a low of $483 and then it started a parabolic move to almost $20,000 with an increase of 3914.50%.
We saw the same 83% retracement after that and the price of bitcoin went as low as $3148.
Third Halving
The third having happened on 11th of May 2020. Before the Halloween I posted an analysis in which I speculated move from $7000 $132,000 per bitcoin by May 2022
I will leave the chart link below this analysis.
The bitcoin price pumped all the way to $64,840 the real question is whether the bull market is over or are we really Entering a new parabolic move for Bitcoin which will eventually end up with a new all-time high?
IMHO as the chart speaks the bitcoin price bounced right from the 21 weekly moving average showing some strength for a parabolic move.
It is highly likely that bitcoin is going to make a new all-time high if it breaks the $53,000 resistance. The new target for bitcoin would be $162000 by May 2022!
All that Bitcoin needs is to do is to hold the 21 Weekly MA and the 30k level!
Many indicators are showing signs of strength in the market.
However I would also like to point a bearish scenario with you all!
You can see in the last two halvings the bitcoin price bounced
right off the 21MA and went below it after few weeks as shown in the little boxes B1, B2 and B3!
This is why I have always pointed out that 21 weekly moving average is an important bull market indicator.
So basically Bitcoin needs to hold to support levels-and the 21 Weekly MA and number two $30,000 level if it does we are likely to get a new all-time I buy the end of May 2022
The overall Data I’ve shared in the first part of this analysis is still on board!
Just the target has been increased by few percentage!
It’s just 2.5x from 60k to be honest.
So now you know what we need for the Bull Market to continue
Whats your thought win this?
Do you think it’s possible for BTC to make a new ATH or is it just a trap before we enter a Bear Market?
As shown in the Black box in the chart?
Do share your views and ideas in the comment section.
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That little appreciation motivates me to make more high quality contents absolutely free for the community!
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#PEACE
#BTC Dominance broke down, ALT SEASON Incoming?Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Do not forget to read the other analysis I've recently posted.
Links are given just below this update.
let's get to the chart.
the dominance followed my previous analysis perfectly and broke down below the triangle.
We can already see the effect in the market with all those green altcoins in both USDT and BTC Pairs!
however, it's important for us to analyze from every aspect of a chart.
We need the dominance to break and close below this 100D MA.
It's an important factor to trigger the Altseason.
keep an eye on it. After the possible breakdown, we will have a retest, that will be the right time to enter altcoins in BTC pairs especially in Red!
The breakdown target happens to be somewhere around 39.xx levels.
What's your thought on this?
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#PEACE
#BTC Dominance Broke down, Alt Season? Part IIWelcome to this quick Sunday update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Dominance broke down and followed our speculated move exactly as shown in my last chart!
I expect the dominance to break to the downside, Reasons:-
1. Ascending Wedge Formation.
2. Broke below the Triangle with perfect retest and continuation.
3. Broke and closed below 100D MA which basically shows us the sentiment of the market is shifting towards altcoins
4. I am expecting a bearish crossover of 50D MA and 100D MA in the next week which will eventually fuel the alt season!
Many indicators are also revealing signs of weakness in this index.
OFFICIALLY WE ARE IN AN ALTSEASON RIGHT NOW!
WHAT MATTERS IS IF WE CAN GET SOME SIDEWAYS ACTION FROM BTC THINGS WILL BE MUCH BETTER!!
What's your thought on this?
Do share your ideas and charts with the community in the comments section.
If you have any questions or requests do not hesitate to write them down in the comment section.
Do hit the like button if you think this analysis deserves a little appreciation!
Thank you
#PEACE
#VETBTC 239%+ potential Rally!Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Well, this setup is for the spot.
Accumulate between 200 to 250 sats for almost a 200%+ rally.
If you don't intend to miss this coin, you can simply buy some now and wait for the retracement.
The best strategy is to buy when Bitcoin takes a leap to the downside and ALTS BLEED!
Keep this second coin noted after Sand.
What's your thought on this?
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Thank you
#PEACE
#BTCUSD at Resistance. Is $49k possible??Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart,
BTC broke above the 42k resistance and reached the second resistance at 44.2k level where it got rejected so far.
Looking at the current situation BTC is highly likely to hit the 49k level on or before the 16th of August 2021 (date may vary).
The volume is gradually increasing which is good for bulls.
Important note:- I do expect some retracements next week and probably a bloody Monday too.
So better take profits on your leveraged positions.
Important demand area is 39k to 42k, Resistance remains at 44k and 49k level.
A weekly close above 42.5k is something that we need here. I am waiting for that to enter leveraged trades. I am happy holding BTC and some large-cap alts. Specially ETH that I recommended to buy around $1900.
INVALIDATION: Close below 39k in Daily.
What's your thought on this?
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#PEACE
#TOTAL CRYPTO MCAP in Danger Position! Here's Why...Welcome to this quick Sunday update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart.
This is the total crypto market cap chart.
It's very important to follow this chart in order to understand the overall trend of the crypto market.
W have seen almost third consecutive bullish candle for BTC in weekly.
IMHO BTC needs some pullback including many other altcoins too.
I've said this before
No one got rekt by taking profits.
Although there's a chance that BTC could hit the 48k straight that won't be sustained for long.
In this chart, the mcap is hitting the most important resistance level.
If this resistance is broken and we get a daily close above the 1.84 trillion resistance (the red zone) It's highly likely we will hit the 48k -49k level on or before 15th Aug 2021 in BTC. The whole market will pump together.
The support remains from 1.53 to 1.67 trillion.
What's your thought on this?
Do hit the like button if you like this Analysis and share your views in the comment section.
It takes a lot of time and attention to create this educational content for you all to understand the market and take your trades wisely with the right information! Hit that follow button if you haven't yet.
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#PEACE
#BTCUSD Wyckoff Accumulation Model Simplified Part II.Welcome to this update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Well, I already explained about the Wyckoff model in my last update but there are many new people who followed me in the last few weeks.
I am thankful to all of you.
Almost 700 followers in just 2 weeks! That's insane.
Thanks for appreciating my content.
Let's get to the chart!
By the time you are done reading this update, you'll understand what this model is about.
PHASE A :
PS (Preliminary Support): It's the first support after the Bull Trend which is broken and we see an extreme selling called Selling Climax ( SC ).
After Selling Climax what we see is an Automatic Reaction which is a bounce after the dump.
This dump is initiated by smart money but they are the ones buying at the same time when it gets to the low as it happened at 28k. While everyone is hoping for a pump we see a Secondary retest this Secondary Retest and the Automatic Reaction Levels make up the Trading range under which the price fluctuates for a long period showing the signs of accumulation. The Support and Resistance Levels make up the Trading Range.
PHASE B: Accumulation, Rejection, Bull and Bear Traps, Wicking but under the TR which is, in this case, 30k to 41k level.
PHASE C: Accumulation at lower levels with wicks to the downside, full of traps.
The bear trap induces retail investors to give up their holdings.
The spring is the last bear trap which makes people believe that the trend is over.
The dump that happened on June 22nd, all the way to 28k was the first spring I would say. The sound time BTC dumped was around the 20th of July with a low of $29,296!
There was too much fear in the market makes people lost their confidence and many events left crypto and liquidated their assets.
The second dump to 29k was probably the second spring!
PHASE E: It's the last stage of an Accumulation Schematic. It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts.
I want you to know that this model works even today. You saw that it did already. It got delayed by just 23 days as per my LAST Wyckoff Chart, I'll leave the link below this analysis.
Since there are many people doing it the wrong way I wanted to clear this for you all.
BULLISH SCENARIO: We needed a close above the SOS (Signal of Strength) to be sure about the BULL TREND. Here that level is 42k level and it's broken in the lower time frame.
What we need is a weekly close above 42k now that will confirm a new rally for a New All-Time High!
CONCLUSION: IMHO We have entered the Sign of Strength (SOS). It's highly likely for Bitcoin to trade under the range of 38k to 42k range and eventually breakout for a new all-time high.
For this scenario to happen, All we need is a weekly close above the 42k level.
Let's wait for the weekly close for more confirmation!
For more information stay tuned, I'll follow up on this chart for your better understanding.
This is the only cheat chart that can help you to determine the right time to trade.
Hope this helped, if it did please HIT the like button and share your views in the comments section. Follow me for more ideas and trade setups.
Thank you
#PEACE