Keep an eye out for this analysis. Looks like a black-hole below, lets see what we do in the next months or so. If we can re-claim what we lost above or if we reject and lose the low that we made, then we'll keep seeing lower lows.
Gold/XAUUSD needs to lose $1560 and $1527 on a monthly candle for this play to work out.
Two scenarios drawn out for OIL and they're both painting the path to $50-$57.
Expecting TESLA to tag the $260-$240 Zone, hold and we should see a significant pop off it. Thereafter expecting new highs. As long as the monthly swing low at $176 region is not lost, it will continue trending up.
1: Parabolic selling momentum slowing down 2: Accumulative structure currently under progress, they're building the BIG ARC 3: We're on top of Monthly/Weekly support hence why the velocity of the dump is slowing down 4: Not a bad place here to build SPOT LONGS - off course average in 5: YOU DON'T SHORT MONTHLY SUPPORT You can trade the range and accumulate BTC...
1: Closing a weekly over 9591, the mid-point will take us towards 11.5 2: Once we get to 11.5, if 9591 on the weekly is not tested before the move up, we should see a significant retracement 3: Getting over 11.5 one final time after the retracement to 9591, we should see some sort of rejection from 14K and then a retracement back down to 11.5 - to confirm if the...
- Expecting liquidity run towards 9500/9600/9700 - 1 final pop, take all the stops then a TREND DOWN to my target for the next SWING long opportunity towards $11,500. (Note yes we're going to have bounces in between until it drives down to my SWING long target) - Long it heavily, from 8578 down to 8462. This setup provides you with a clear invalidation,...
Swing long setup, best R:R and easy invalidation level.
Bitcoin's going parabolic. I advise caution against shorting. The low time frame structure is heavily bullish. For us to remain High time frame bullish and enter the bull market phase, we need 2 Weekly candles closes above $11,475. Stay safe everyone, I'll try to keep this thread updated with how the situation develops. And buy the dip.