Long

202 risk reward ratio

Updated

Calculated on a 4 hr time frame 202 risk reward ratio. Short position is at 201 pibbs.
Entry confirmation on other Hammer UP chart.

Note

Keep in mind the rising wedge which is in process on a long term.
The hammer up chart idea short trade resistance.
These new idea 202 pibbs calculation which can help stay in the game but must eyeball downtrend shift change through smart money.

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202 pibbs agrees with Bos. Must reach resistance. Many short trades ahead.

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Nasdaq has a 1 hr gap at $14820. Must rise and another uptrend gap at $16250 therefore patients is necessary, bull market is on its way sooner than we think. Let smart money collect their volatility, don’t let them collect it from you.

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$16250 gap is on a 3 day chart

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At 6:30am Pacific time NYSE will start with a big downtrend. Will affect many coins but will recover. Smart money is preparing for another bluff

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US100 index has an uptrend gap at 15440 area

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Now on the rise to $14820 gap. Checked individual 100 stocks for US index and are now recovering. Will have a few zig zags.

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If smart money sees traders aren’t selling for a loss which is what’s been going on this past weeks. They have no choice but to spike the coins. Would make no sense for them to downtrend Nasdaq or crypto coins if no one is selling for a loss. They will test the waves. If they can entice more traders to sell for a loss when rising the coins then they will stick to that method.

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I would not sell, Will recover.

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BTC recovering,

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This chart is still valid, on its way next.

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Most of yA are maybe in doubt? If yA are;
1. Does BTC still have power mode, YES
2. Does my forecast white waves point up for more
uptrend, YES
3. Does my Directional wave points up and does it have strength, YES. It moved up higher
4. Does BTC still have potential, YES, more than potential.

I now see smart money at rest, very soon they will start buying and will move BTC up, I’m still expecting an easy 1 to 2 K.

Stay tuned

Note

I have a volatility contraction since 8pm pacific time. It either moves up or down with a loop moving up. This present Heiken Ashi candle shows green with a top wick. Has a top wick and represents dumb money along with regular traders.
VC cancel from 8pm is red now the next candle is green. It all agrees.

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We could see a big move by today or tomorrow. It’s a proven fact based on what I see. The columns are super low in smart money, once the buys begin, the trend will begin.
Get ready for the big show.

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Shift change after passing 28,300 for entry.
Please also do your own diligence.

Note

Smart money sells are rising slowly but faster than prior and the candles are moving faster.

The_ForexX_Mindset

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