just broke support thats been good for a month. and when ascending triangles break to the downside, it usually breaks down good...We'll see, always could be a fakeout in crypto, but the higher probability is negative for me
I was wrong about wyckoff re-accumulation, and as you probably know, you can't be certain till you get the spring with the retest, or the bottom support holds. This is the new analysis, so far probability is fairly good, considering all touches on the descending wedge.
looks like we've broken out and are comin down for a retest,,,bbwp is getting hot, so im thinking we'll have a pullback once target is hit...But there IS a probabilty that there may be a swing failure, since its the weekend and we went WITH the prior weeks trend
The volume signature on the spring isnt what i wanted to see, but we'll see how it plays out, either we get an actual spring or i think we go to the 2hr 200EMA
update,,,possible spring waiting on volume sig on 4 hr and retest
If we dont get the "spring" with the proper volume signature, then it could be a different type of wyckoff re-accumulation ..Stay Tuned
previous chart was on wyckoff idea,,,this chart is more on the fibs and liquidity zones that may be good profit taking zones for me
My chart got screwed up and just noticed, so this is the good one.
Waiting to see if this folds out to be wyckoff re-accumulation . Ill know more when i see how the next test of the support region and the volume signature of that move.
We'll see what unfolds here,,,i will have a better probability of it when i see if we get a spring and a secondary test, at the ST i will go long
We'll see if we either retest and resume down, possibly form a cup and handle,,,or if this was a channel and a bear trap
basically same thing as polis, the other token as star atlas....i think this one may pump a bit more due to the mini game coming out soon.
if it doesnt break below the curve that seems to be forming, i think this will be an accumulation zone,,,i have breakout levels, fib resistance, and My first profit levels. should be a good trade iof breakout
BTC short to mid term range, potential triangle, and potential bull-trap trade ideas
This can get very interesting in the next 3 weeks.. I have 2 different scenarios that i think could play out. 1.) BTC breaks out of channel to the upside, and makes its way to the red box and levels, which is a common bulltrap involving the fib. levels...So it goes up there, makes everyione think were blasting off, and then dumps down again and shakes the rest of...
Ive had this charted out for about 2 years now, and have studied and cross-referenced how the altcoins reacted to the specific levels that i have outlined on the chart...As you can see, we've broken down thru significant levels and the pattern(more importantly the levels). This *IS NOT FINANCIAL ADVICE*, but it may be profitable to be in the right alts, as we may...
Looks like we may come down for another re-test of the channel breakout level. You know how the weekends are. Stay calm n get ready for Monday and the week ahead. Dont get shaken out
BTC broke out, retested, and seems to be resuming upwards