Everytime we had a liquidation cascade we slow bleeded till the wick's lows, I expect the price to do something similar, like May's price action. Probably re accumulation on this area, slow bleed till the lows, if bullish price will deviate.
early morning thoughts about the crypto markets. Have a great day everyone
btc december 2021 le finale ? the exit pump? gl to everyone.
Bitcoin confirmed a Lower High at the 48k area and broke down the Lows of 44.7k. Its officially in a Daily Downtrend. Nuked the Open Interest and bounced back from the 0.5 fib.
Dow Jones Industrial since 1966. Fisher Divs On 15D Timeframe. 18 out of 24 Divs gave correct entry and exit signals. They marked the 66s top/70s bottom/73s top/ 75s bottom/ 00s top/ 07s top/ 09s bottom/15s top/ 18s top. On the 30 Of Aug signaled exit, marking the current ATH.
SPX Weekly Fisher Divs 19'/21' Fisher signaled at 30 aug close. On each fisher sell we had a minimum 2.19% decline, with the biggest being 19.24% I excluded the decline of March 2020 although it flashed sell before the crash. Currently above 50DMA, will monitor Monday intraday
Looking to react on trades at the bottom of the channel. Holding the channel I will trigger my longs, Breaking the channel I will trigger my shorts.
If bitcoin is Bullish needs to put a HH. Rejecting 49/50s and breaking through 44.5 on daily candles will confirm LH and LL, confirming a downtrend. Similar distribution pa. Rejected hard on log channel which acted as support with 4 taps at 30s Breaking through the log channel is my long scenario and breaking through the lower lows is my short...
It can be that easy for us to print shekels, rrrrrrright ???
No need for description. Market is Bullish. Not financial advice.
Possible deviation, entry on it sl above and ride. Possible setup on ethusd.
2013 scenario in heikin ashi looks invalidated.
This is how I expect it playing out. I'm riding a 10x short on Doge since 22 cents, Target 9 cent, I will be adding in my position on every bearish retest.