We have about 14 days until lagging span potentially interacts with price and another 14 days to remain above it. If we are above price by then buy all the bitcoins . If we start intersecting, keep your fiat in the bank. Jokes aside I will keep tabs on this as I think it's pretty important for the macro trend.
XLMBTC has been building a huge base. Once it breaks 0.000013 I expect this to go into price discovery against USD. Primary target is 0.000026
YFI has been moving to the beat of its own drum these past few weeks. It looks to have bottomed against BTC and is about to have a second coming. 1st target is 68-73k. 2nd target 83-85k. 3rd target 106-108k.
Trading the range. Let's get some bread.
Looks to me it's developing an ascending triangle. This is the price action I'm seeing on our way to new highs.
Fractal analysis.
RSI needs to hold trend line otherwise we will need to test the 50 at least, but i'm looking at the 40's if we want to continue our upwards trend. Anything below will signify a market reversal and we this run may be over for the mid-term. In terms of price i'm looking for a liquidation candle so aim for the most recent low in market structure which puts under...
Possible liquidity run on both sides before continuation to the upside. Tightening range on the RSI and decreasing volume.
Pivots in time and structure. Follow the trend.
3 possible path i see playing out here. Manage your trade with possible structures.
Consolidate and no close below tenkan-sen (support @ 24.5k) to kijun-sen (22k) or we are in danger of losing the trend. Potential price targets in red and yellow, but more importantly with a date of late December 2021 or early January 2022.
Was that a liquidity pull for further upside or naw? Technically we are still in a channel. The move to the downside was about 20% which was the same as the fractal that I'm currently looking at from the rise from $3.2 to $13.8k. I'm neutral. I'll play some ranging scalps if we retest the highs.
Please see chart for similarities in RSI structure and how we dipped right under the point of control before take off. Also see how we rode the 55 ema the entire time. It's beautiful. I believe we will moon today. If we lose 9k I think we may slow bleed until 8.2k and hopefully that holds. If it doesn't I will become a macro bear :(
A potential fractal in play. Targets 20k, 24k, 31k possibly by October 22nd. Will track this puppy.
For tracking purposes only. No predictions here.