Looking for Price action above .3180. Currently (for me) this is a TP area and wait for action above .3180. It has had good PA above both the H2 and the the H4 TF. It looks reallly bullish though.
Anyway watch the video. Its meant to be watched over this being read.
Kommentera
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I just checked back on this. It seems like we recently broke above the .3181 area and found short term support at the entry point.
I'm not going to say any recommendations. Its really a personal choice how someone plays this. It has hit 10-11% up from the entry point. So I believe it just depends on where someone wants to take profits along the way. If for some reason it does push up, it will go insane. So from that perspective, while we are above this line, there is a lot more to gain from the bulls then the bears right now. Keep that in mind.
Just because it falls back under line (if it even does) doesn't mean it wont come back above, but we can see this the confirmation that this spot is a good entry and exit point.
Take care and good luck.
Kommentera
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Kommentera
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Just going through my process of how I add fibs to charts. I go through as I put a fib on FLM for the first time to look for possible upwards targets. I also analyze the past movements and see what we may be able to tell going forward.
Any updates, please? The chart looks like it was killed by a gunshot with the weapon of a 93-year-old tortoise. It looks literally THAT BAD.
TrendLINEBoys
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@EnginSula, I can take a look at it on stream later. I mentioned a couple times in the latter videos that this is one of the issues with where BTC positioned on the rejection on the 4HR hull after the bounce at 26.9k. Ill look for the timestamp in a couple of minutes. It also came down, bounced around the .3181 spot and then came down after going back up to .4.
Essentially with one of BTC movements it pretty much put everything in a bad spot. Even though alts can go up while BTC goes down, only Digixdao in 2018 was truly a inverse alt to BTC where even when BTC tanked it literally went against it.
TrendLINEBoys
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@EnginSula, In the second video that I posted, goto 2:34. It should be titled Quick update Video.