Inverse Chart of 
VELOUSDT "Massive Dump Inbound" | Mid Term (3D)
- As a hedge against the market I am accumulating small and micro cap ALTs to weather the storm of the impending market correction/pullback period leading into the BTC halving event in April.
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
Something I like to do to give myself some valuable perspective when looking to invest/trade for after I've mocked up HTF price action and possible movements with fibs, parallel channels, and fractals, is to then inverse the chart (Keyboard Shortcut ALT + I), and zoom out... Sometimes just seeing things from an alternate perspective, can give you that last little bit of confidence needed.
VELOUSDT "Massive Dump Inbound" | Mid Term (3D)- As a hedge against the market I am accumulating small and micro cap ALTs to weather the storm of the impending market correction/pullback period leading into the BTC halving event in April.
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
Something I like to do to give myself some valuable perspective when looking to invest/trade for after I've mocked up HTF price action and possible movements with fibs, parallel channels, and fractals, is to then inverse the chart (Keyboard Shortcut ALT + I), and zoom out... Sometimes just seeing things from an alternate perspective, can give you that last little bit of confidence needed.
Note
Note
Mid March TargetNote
Bullish Adam and Eve Pattern playing out. Strong support and bounce potential from dynamic support springboard 100 day moving average at 0.004 price point. Would then need to shoot, complete the cup, and impulse up/above/through 200 day moving average to likely hit resistance point at top of the long term parallel channel at 0.03 price point. Beyond that for the months to follow, bullish run could continue all the way up to dynamic resistance 500 day moving average. VELO has typically had very active bullish price action when BTC and the rest of the top 200 broader market enter into correction periods.Note
Watch out for this scenario with BTC impending.
Note
An initial pullback with rest of the market once BTC makes a violent move, then rocket launch.Note
Levels I'm monitoring for further accumulation
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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.
Related publications
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.