Muskcandle
PUNDIX consolidation $1.42-1.61Nice chart on a crypto dug up by Aussie buddy. Not sure where he found this bone but it looks like theres a possible runner here! WOOF! Pundix could be a nice runner or might bite. Assume the bite and prepare for the run... LOL
I know nothing about Pundix except that it's connected to Australia and that the only civilized country without a Human Rights Charter. A little wild, probably because Australia was jail island for the British so there's a concentration of bad boys and girls. And it also has half the world's deadliest animals and insects.
But jump on this animal's pouch with me, pull up a pint, and let's go hop to the best opportunitues. I need to make my way down under one day!
PS Do NOT traded with UDST, that's an illegal crypto as per their UK regulators, the world just hasn't clued in yet. Pick ETH as your trading pair on this but don't do market orders unless you with to pay for market lessons on this one. LOL
Note the bullish OBV, someone is accumulating quietly at this range. That's could be a pre-cursor to this dog running! WOOF!
MUSKCandle, NO Comment, No trendline...“You will begin to touch heaven, Jonathan, in the moment that you touch perfect speed. And that isn’t flying a thousand miles an hour, or a million, or flying at the speed of light. Because any number is a limit, and perfection doesn’t have limits. Perfect speed, my son, is being there.”
Richard Bach, Jonathan Livingston Seagull
How I will Recognize the Trend Change and Go LongHello!
What a night! Unbelievable! Sensational! If you're new...WELCOME TO CRYPTO!
The "Musk Candle" sent Bitcoin printing a crazy daily candle wick spread of over $6,000 lol
However...it did NOT completely change the short-term momentum of the downtrend. It got beaten back down with a heinous wick over the course of the day.
On lower time-frames, price is currently building what could be support on resistance of the upper downward-sloping counter-trend line. If it sticks...that's bullish IMO.
I'm looking at three main things to identify a trend change. When the trend changes I will likely long Ether with 5x leverage, so it's worth it for me to wait, wait, wait, and be patient, patient, patient for these three things to happen:
1. IF price stays buoyed above the Alligator lines and we see a slew of candle-body closes above those lines, building support on old resistance. That's a bullish checkmark for me!
2. IF the yellow line on the Alligator moves up over the red and blue...that is a bullish checkmark for me!
3. The ADX and DI looks like it's going to print a bullish crossover here in a few hours when the daily candle closes. That's a bullish checkmark for me as long as it stays bullish!
That's it. That's the simplest way I can think of to look for a change in trend. I hope you enjoyed this chart!
Peace, Love, & Crypto,
B166er