ProfitHarvest

ProfitHarvest

Lots of things could go wrong in the next few days lol. I'll be chillin in my TLRY field B). We got that APHA acquisition delayed FOMO spike!

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Sometimes these ideas work out surprisingly well! Price exactly landed on the tip of our RW yesterday and collapsed cleanly below today getting stopped right at our 1Y Peak Channel mid-line fractal. OG Idea...

ProfitHarvest Updated 

Nearing top of 1Y Peak Channel, already pushing Price away from a test. If we do test, we may just break through and that'd be our meltup scenario. If we don't test it or ultimately fail to break through, it's going down. Either way, volatility odds lookin good.

ProfitHarvest Updated 

B)

ProfitHarvest Updated 

The RW structure caught Price exactly. Notice the meltdown when crossing red. Looks like we have a few more days for the BTD crowd to bounce us up one last time above these red lines before we break down out of this for good. Pullback starting next week increasingly likely. GL ALL!

ProfitHarvest Updated 

We're at the top of the RSI Peak Downtrend, already set two steeper fractals than the previous steepest (red) could be a good point for reversal. OG Idea:

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If we Bitcoin this sht, just may reach the top but clock is ticking...

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So far RSI is reliably bouncing off the yellow downtrend but we'll see how much power the minor dotted uptrend has soon. Breaking under yellow and failing a retest would be bearish, holding to dotted line and setting a higher low would be bullish, bouncing off the yellow again would be neutral. Either way we seem to be at the peak for this run.

ProfitHarvest Updated 

RW updated... GL ALLLLLLL!!! B)

ProfitHarvest Updated 

Either we're heading to the top of the 1Y Peak Channel or collapsing back down from here for a bit. Price got stuck right on our Megaphone lines from weeks ago.

ProfitHarvest Updated 

If my math is correct, a red line cross should be highly reactive and with UVXY being this cheap relative to VIX (not to mention relative to 0 as well), we have a solid setup.

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Still stickin' nicely to our structures. We'll know the resolution soon. Happy New Year! B)-~

ProfitHarvest Updated 

Fractal Theory suggests it'd be extremely difficult for Price to cross the red uptrend line and we've already stretched close to the likely Peak Potential. Even the base of this runup is following that Price Trend fractal exactly (red dotted line). Plus RSI is at the top of the peak downtrend although that white uptrend is likely gonna breakout RSI during the...

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This is the best value play right now but TLRY is a close second after joining forces with the APHA powerhouse. My last fractal was off but after shifting over the OG logic still holds...

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Unloading half my stake over 4 trades at average 33 worked out quite well with Price Action completing the expected mean reversion. I have expanded the original Value Channel (magenta) by 3x now because Price Action is holding to the uptrend very strong and I do anticipate that to continue for years. Any BUY in the Value Channel likely to be good for a solid...

ProfitHarvest Updated 

Let's see how it holds...

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We'll find out! B) May make another run to the top of the megaphone before next pullback though.

ProfitHarvest Updated 

I'm not sure if this structure is entirely valid yet but seems legit. Once we breakdown out of this FW, we'll quickly get caught by 3550 for a breather before sliding down to 3300 and bouncing again mid-Jan. That's my most likely scenario right now. Also Megaphoneception. Let's watch and see! B)