Hello! My first trade idea published here.
This idea is based on the WIF chart, i'll leave it with some annotations below.
As you can see, both charts look very similar, for more details feel free to check the annotations on the chart.
Thanks for reading and good luck! :)
This idea is based on the WIF chart, i'll leave it with some annotations below.
As you can see, both charts look very similar, for more details feel free to check the annotations on the chart.
Thanks for reading and good luck! :)
Nota
Update: As expected, we are currently in the buy zone, remember, we can spend quite some time here, so be patient.A clean reclaim of key pivot would be the bullish trigger.
Nota
Update: We just took out the last bybit low, as WIF did back in the $0.18 area.The fractal is still valid, but it needs to start bouncing soon and reclaiming key areas or it'll be invalidated. I'll leave a chart below with some info.
First area of interest is the 4h/12h reclaim.
Second area of interest is the KEY PIVOT.
We'll see
Nota
Update:Went a lot lower than expected, but we just showed our first signs of strength by reclaiming bybit's previous all time low.
Any dips now are for buying aiming new highs, but IT'S KEY that we hold the low marked in the chart. If u don't want to enter right now and want to wait for more confirmation, i would wait for a reclaim of the KEY PIVOT. If we reclaim that, you can be almost sure we'll be at new highs soon.
Hope you all survived yesterday's scare!
Nota
Update:Rejected EXACTLY at the key pivot, but no need to worry, we're currently trying to get another stab at it.
Keep in mind that this pivot is super important (for me, the last invalidation point), so it makes sense that bears try to defend it, but one 12h/daily close above it and we send.
Nota
Update:If we hold here i'm expecting a 0.5 retest soon.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.