Not too much to add here. The break out occured from the Wyckoff box and is currently holding. Looking back at the price action WOO likes to make big moves and then give most of it back only to push up higher.. that has been the trend thus far. I have no reason other than BTC pulling back hard that this pattern will not continue. My price targets are still in...
This pattern and chart look very promising to me. As I work this chart idea WOO is breaking out on the 1day chart. If this can close and hold I am confident in this analysis. WOO is riding on top of all the SMA's and that is good. The up target will be in the golden pocket so that is great news. Algorithms and traders like that psychological area. If it fails...
Lots going on with INJ. You have a Pennant that is about to make a deciscion . a. if it breaks out on its own it could get to the $60.00 range. based on the break out area and the flag pole length. b. if it breaks down and under the 200 sma you will have a very ugly bart simpson pattern. that could be a 40% drop down below the 0.618 fib to previous...
This is what i expect if BTC and ETH pull back to that historic 10% levels before pushing up to new highs. Target 1. is a pull back of low 20% range. $0.90's Target 2. This is a bit scarier because that means BTC and Eth are pulling back hard. Mid 30% range down to the $0.80's and $0.70's Good luck and keep that powder dry until time to pull that trigger.
Confluence is important with market sentiment. Be cautious www.tradingview.com
This is for the new trader trying to find what works for them. ((Note.)) It does not have to be your idea to work. I struggled with this in my trading early on and it cost me money, stress, and lots of doubt. I am sure this has been shown in some way or another many times over. If you have never seen this concept before then I hope it helps you win. Concept :...