if gold drops to the support set out and grabs the liquidity of point A, respects the double bottom and respects Point B we could see a bounce upwards. the position may respect the downwards trend of the daily position. so the position isn't viable as of now, as we are ranging but with the last positional push gold broke the boundaries towards upward momentum,...
This is the chart I've been following, usually with this strategy i go on the smaller time frames to look for what is not respecting BTC's trend for retracements after a new candle move. if a crypto maintains it's strength as BTC goes negative its a high chance that it will break out. from the pack. overall dot rune and cake look like they're making good movement...
moving very well from bitcoins dump but expected correction.
currently the yellow zone is the position you should not take any entries, after we've experienced a large drop, advice is to find another crypto with less volatility to hedge against. once rune moves past one of these 2 lines. we are moving in a bearish flag pattern, with greater resistance towards to topside, if rune moves up 5.8% I'd consider a short.
bitcoins running horizontal, retesting the 50k-51k area. possible 52k max within UTAD after a SOW and complete downswing. not seeing the same bullish growth and possible distribution incoming
This is a 15 minute graph showing an illustration of a Wyckoff event occurring on the one minute time scale, the overall percentage drop from top to bottom was roughly 5%. overall Rune usually moves similar to bitcoins trend on lower time scales but with higher volatility in price ranges, usually between 0.1 - 0.5% per minute. I think the Cryptocurrency has...