Im learning to TA, please dont judge me. Looking into data from when selloff started in April and MCB wave started to roll down and second point, when MCB showing the bottom in June, pulled two separate VPVR for those ranges. Pulled Fibb retrace. Long time frame VPVR is in confluence with deep retrace by Fibb at $0.165 Short TF VPVR lowest volume is near 0.5...
KNCUSD 6h-12h Pulled some VPVR from different TF, and Fibb retrace, looks like 1.7 is good spot. KNC has great volatility and Id totally expect deep retrace on that coins with very weak R/S in the middle. Would it be strong bull run, I might believe into shallow pullback, or GP in the best case. Looking at the chart and seeing zig-zags, swings are not rusty to go...
PEOPLEUSD 6h... BBWP expansion started South. Its at the volume profile center line, and going down to VPVR lowest point in confluence with Fibb GP - golden pocket. I will expect bounce from that area. My long didnt play, took 10% earlier and SL in few % profit... not much but was safe. Not shorting here, while it can bounce and eat shorts, better to follow the...
Here is my thoughts on Mantra DAO OM token. The project has great fundamentals, working team of developers. This year they expanded influence in to Africa. They staking platform is operational, jump start for new projects working perfect. Basically, fundamentals are great. Considering conservative risk management, lets say we put 0.1 ETH into OM, its 1270 OM...
Waiting for continuation inside the triangle. It has great run and cooling down, might be staying inside and accumulating for the Octoberfest. Lets wait on breakouts and confirmations. #OlegDcXTZ
local spikes retracement. twice 0.236. Blue line is historical data upper trend line. Bottom line creates symmetrical triangle based on LH's. Considering the growing momentum this time it might not go to 0.236 but instead GP only. the triangle is 3/4 filled, ready to break up.
BTC.D can give alts some time to pump, if it doesnt bounce now. 45% is currently S/R line and have been tested few times. Next 48h will show us direction.
XTZ has good comeback from the projects and now filling up golden pockets, the question is: whos pockets? Will it draw M and drop back to bottom of the cave, or retest $7.5-8 SR area and continue it path to ATH?
If this scenario plays out, BTC will have pump towards 49k. the candle can be closed inside the cloud. Base and Conversion has to stay separate, they can come close as one pixel on your screen, still would be valid. When Base Line enters the cloud it meet resistance, which will push it out. We have two directions up and down, 1h-2h ichimoku currently are bullish....
XTZUSD 5D. Has double top and retraced, touched GP and bounced, currently at 0.786 fibb resistance. if it breaks and closes 5D candle in 1d4h above white line, I'd see it continuation to above $8, ant to 1.414 fibb extension which is ATH ! On macro 7.64-8.02 is GP of the ATH retracement. It will either reject and fall to low 3's for Grand Retrace of 0.236 local...
Hi, everyone. I’m beginner in TA. Don’t know all fancy words, just eyeballing the ETH move. Will be glad to hear critics and suggestions. Thank you.
Using TW long time, this is my first post. For now it is just observation. I’ve made this symmetrical triangle a week ago and was curious if ETH would break it earlier, it did.