Bullish W-pattern forming. Buy signal triggered from CYBER ENSEMBLE. PRISM pRSI-STOCHs looking bullish. Acceleration/Jerk-Ribbon (AJ-Ribbon) of pRSI rapidly increasing into the positive zone, pulling momentum into the positive atm. Snap-Oscillator (the yellow-pink line) also in the positive suggesting that the AJ-Ribbon will continue to rise.
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Caution: 21EMA/50SMA bearish cross (DX) registered on the 1hrly
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But bullish cross (GX) appeared on the 30mins chart:
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Staying in trade.. have not been stopped out yet.
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Getting riskier now, the further away it is from the VWAP.. but..
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^^ Pasted the wrong URL above.. Here's the correct one as intended.
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Correcting typo above: "Getting riskier now, the further away it is from the 200 SMA.. but.."
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Since cryptos (due to lower liquidity than traditional markets) does have a habit of eventually irrationally pumping insanely after initial highly bullish but rational moves + and Stochs and acceleration oscillators shows sign of reversing bullish again in the PRISM oscillators script I had developed. Price appear to have found support above the weekly VWAP.
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The first ~10% target reached. Holding on with updated stop-loss constantly updated under the 1min 21 EMA that is presently providing the support for this parabolic irrational FOMO rise.. and...
21 EMA support broke and its nose diving down now right after I had updated my last stoploss to lock in another 2%. Phew.
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Time for another consolidation phase. Staying out for now to observe. Maybe good place to *consider re-entering at 61.8% Fib level where 5min 21 EMA is -- with the states of my PRISM oscillators considered when the time comes.
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Maybe even at 50% Fib retrace... since Stochs already seem to have almost reset back down on 5mins PRISM. Shall wait for clearer sign of turnaround.
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Also current levels is aligned with the top of the Ichicloud (CyberNetwork settings) in the 5 mins chart.
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No FOMO: Its okie to miss out on trades if it means not retking my trading account into the longer term.
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