The Flippening of Cash Cow Burgers
Updated
Hello all,
I do not advise you financially, I simply like to post charts that are interesting or requested by chat participants. This one comes to you from InfiniteParadigm | Thank you for requesting, trader
Remember, your life, your trades. Trade on what YOU see, not what I see.
Backing out to weekly timeframe I draw a channel....simply drank carbonated water and walked around office and determined where to draw based on music playing on Spotify.
We are in bounce territory, ETHUSD should double top in week of 12/06/2021 - 12/13/2021. The double top I am referring to is the last high - we got a bit overextended.
ETH is the basis of a lot of the market! Remember to check your market dominance and watch exposure.
One will have to use their own tools to find entry here. There is a possibility of a sell of but ETH has been strong.
Some tools I used for this chart:
Angles : I took trend angle of the run up, form the top. It came out to 119 with the zoom that I had. This, plugged into TOP() * .19 (the variance of the move up and over extension | I took the 119 and dropped the 100).
Don't listen to me, I am retarded
tl;dr
sir, this is a wendy's
cash cows for burger king are typically slaughtered using nails and i have a hunch (due to supply line issues) they lost .002% in price recently, correlating with the .008 surprise on 11/10/2021 earnings for Wendy's, resulting in strength for the flippening.
I do not advise you financially, I simply like to post charts that are interesting or requested by chat participants. This one comes to you from InfiniteParadigm | Thank you for requesting, trader
Remember, your life, your trades. Trade on what YOU see, not what I see.
Backing out to weekly timeframe I draw a channel....simply drank carbonated water and walked around office and determined where to draw based on music playing on Spotify.
We are in bounce territory, ETHUSD should double top in week of 12/06/2021 - 12/13/2021. The double top I am referring to is the last high - we got a bit overextended.
ETH is the basis of a lot of the market! Remember to check your market dominance and watch exposure.
One will have to use their own tools to find entry here. There is a possibility of a sell of but ETH has been strong.
Some tools I used for this chart:
Angles : I took trend angle of the run up, form the top. It came out to 119 with the zoom that I had. This, plugged into TOP() * .19 (the variance of the move up and over extension | I took the 119 and dropped the 100).
- 4862.25 * .19
- 923.82
- 4862.25 - 923.82
- 3938.42 which is the bottom of this weeks sell off
- I projected out and came up with price targets
- 4400 top() CAN be as small as 4200 - use your skills
Don't listen to me, I am retarded
tl;dr
sir, this is a wendy's
cash cows for burger king are typically slaughtered using nails and i have a hunch (due to supply line issues) they lost .002% in price recently, correlating with the .008 surprise on 11/10/2021 earnings for Wendy's, resulting in strength for the flippening.
Note
ETH might hold the top of the channel. That would be nice.Note
probably will bounce near the 50/50 mark on channel, but this trendline was a fluke ¯\_(-,-)_/¯
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