Was zooming out on TSLA 1W and thought "where have I seen this pattern before?". Time to get high on some hopium, frens.
Just saving this as a quick squiggle for comparison due to similarity in market structure. Not really informing my bias tbh.
"Tous les choses, c'est du rhytme." Funding flat. TOTAL2 still no chill. LFG.
This is an update to my last long-term analysis from 09/2020 . The current update won't be as heavy on technicals seeing as we move into the next phase of price exploration. Let's take a quick look at the big picture: The obvious implication here being the bullish chart with HH & HL and ATH breakout. Apart from that it's interesting to note that we made...
None of the following is financial advice, do your own analysis. 1W: Complex Pullback into 20W EMA & top of prior trend channel. From a PA viewpoint holding here and subsequently breaking the 1950 level = bullish with expectation of re-testing August highs. Fibs & measured move targets for a potential move higher towards 2200 area....
To make it clear right away: Even though the analysis says "long", this is not a long setup & I would recommend against taking a long at resistance here. Do your own analysis and execute your own proven entry technique if you wish to get long exposure. Now onto the charts: First off, the 1W as seen in the two charts above: - range between 3k & 20k -...
Fractal should be self-explanatory. Bull hopium or not?
Someone mentioned to me some days ago that long ETHUSD seemed an "overcrowded" trade. Ain't no such thing if you're the MM. The more, the merrier.
KRAKEN:ETHXBT tests the broken Downtrend channel here. At the same time this marks "the spring", using a simplistic Wyckoff model. IMO Wyckoff works better, when you don't overcomplicate it. Of course much that is called "Wyckoff" today, isn't. Fun fact: You won't find him using the term "spring" in the way it's used by self-proclaimed Wyckoffians in his...
Pattern potentially repeating. Confluent with HTF downtrend channel demand line and 1W pivots. Watch volume, might just roll over and die on right shoulder. Long strength at this level, hedge in neckline area, add on a retest of level if looking solid. Plan B: Short the breakdown.