This chart will be used for the entire month of February 2022, updated weekly or when alerts are triggered.
Our strategy is one of position trading.
We are looking to add to overall market positions at strong value zones, inversely reducing market exposure at potentially overvalued zones. We are not looking to catch the extreme bottom or top of any given market movement, but focused instead on entering/exiting positions when prices consolidate, offering higher liquidity and less price slippage. We want to buy when the crowd is fearful, selling back when they get greedy. We'll be using Daily Total Market to gauge the general direction and momentum of the crypto market. When pre-determined levels have been reached, we will analyse individual assets on a smaller time frame for precision entries/exits.
FACTS:
> There is blood in the streets (Fear & Greed: 20); the crowd is scared.
> Price has consolidated above S1 level for approximately 1 week.
> High volume increase.
> Momentum indicator turned positive.
POSSIBLE OUTLOOK:
> Price bounce to R1 level.
> If R1 level broken, then price likely to consolidate btwn R1 & R2 before an attempt to reach R3.
> If heavy resistance met at R1, then price likely to consolidate several months btwn R1 & S1.
> If S1 does not hold, then the market will likely test S2.
* Please note that these levels are not exact buy/sell prices, but serve instead to identify price zones that will alert us when it may be time to take action.
RECOMMENDATIONS:
>Look to add to your positions as close as possible to support zones (don't chase the price; if you miss your entry then wait for a retest of that level).
>Aim to reduce exposure at resistance (don't be greedy; pay yourself and wait for resistance to become support before adding back to position)
*** No one knows for certainty where the market will go next, but it is 100% possible to control your exposure at key levels in order to increase your overall probability of success ***
We'll keep you updated at key price levels. It is often better to ignore the market noise until these levels have been reached.
Our strategy is one of position trading.
We are looking to add to overall market positions at strong value zones, inversely reducing market exposure at potentially overvalued zones. We are not looking to catch the extreme bottom or top of any given market movement, but focused instead on entering/exiting positions when prices consolidate, offering higher liquidity and less price slippage. We want to buy when the crowd is fearful, selling back when they get greedy. We'll be using Daily Total Market to gauge the general direction and momentum of the crypto market. When pre-determined levels have been reached, we will analyse individual assets on a smaller time frame for precision entries/exits.
FACTS:
> There is blood in the streets (Fear & Greed: 20); the crowd is scared.
> Price has consolidated above S1 level for approximately 1 week.
> High volume increase.
> Momentum indicator turned positive.
POSSIBLE OUTLOOK:
> Price bounce to R1 level.
> If R1 level broken, then price likely to consolidate btwn R1 & R2 before an attempt to reach R3.
> If heavy resistance met at R1, then price likely to consolidate several months btwn R1 & S1.
> If S1 does not hold, then the market will likely test S2.
* Please note that these levels are not exact buy/sell prices, but serve instead to identify price zones that will alert us when it may be time to take action.
RECOMMENDATIONS:
>Look to add to your positions as close as possible to support zones (don't chase the price; if you miss your entry then wait for a retest of that level).
>Aim to reduce exposure at resistance (don't be greedy; pay yourself and wait for resistance to become support before adding back to position)
*** No one knows for certainty where the market will go next, but it is 100% possible to control your exposure at key levels in order to increase your overall probability of success ***
We'll keep you updated at key price levels. It is often better to ignore the market noise until these levels have been reached.
Note
Hello again,So the market just hit our first resistance zone(R1).
If you were in a heavy position since S1, then you might want to pay yourself here.
Possible extension to R2 if you are looking for more profit, but R2 will not likely be easy to break.
Market will probably test the zone between R1 and R2. But when R2 does break, expect a movement to R3.
If R1 fails, then we may be testing S1 again.
Remember, pay yourself and wait for the best probabilities.
If you like what we do then give us a thumbs up and follow us for updates.
Take care. Happy trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.