I do expect a small retrace on HVNs that I marked out, they're perfectly in match with my HTFs levels adding more confluence to my idea.
This would be also, in my honest opinion, the safest way to enter "late swing shorts" on BTC, they are really valuable if you bought some spot during this dip because you can short hedge your spot position waiting for more...
Usually Alts retraces after a strong uptrend to the 0.382 Fib level, my target for retraces are 0.382 but also the golden ratio 0.618-0.66, I would not long from these levels as BTC behaviour isn't clear for now, perhaps I would like to take a short between the OB n.2 and 2 Fib Extension level. I marked out my area of interest for an eventual short opportunity. We...
Hi, I completely changed my way to make analysis on charts during a 1 year studying period. So I will update this profile with new ideas the more they come to my mind.
I followed all Fibs rule with so much attention and found this pattern, it could also extend to 18k ish level.
Let me know your opinion in the comments!
Lower lows on price and higher lows on RSI.
The only question I have is if that long wick on the first red candle (at the start of the white line) is somehow biasing the RSI.
(Same thing is happening in the 1h timeframe on BTC/USDT)
A comment, would be so much appreciated :)
