Algo saw a clean 5 wave impulse which had begun back in march of 2020.
The impulse was completed in November of 2021.
Since that top, Algo has put in what looks to be a zig-zag (labeled a-b-c).
-it has retraced roughly 61.80% of the entire bull run.
-quadruple bullish divergence on the daily time-frame is present (very rare).
-indicative that this dip could potentially be a wave (2).
if i'm right about all of these alts being in a 1-2,
then we are in for a ride into the skies.
---
things definitely don't look too good in the world right now,
the economic crisis which is happening right now would be the single biggest argument against what i'm portraying here.
the only way this scenario could play out, is if something drastic changed in the world in the near future.
---
i will continue to entertain the idea that these could indeed be 1-2's, but i'm also going to approach this very conservatively and with extreme care \ caution; making sure to use proper risk management if i ever was to play any of these.
nothing in this market is certain, in fact, it's all extremely uncertain right now; and there is an infinite amount of possibilities which could potentially be at play.
this is merely the bull case, nothing more.
there is also a very probable bear case, so you gotta be very careful.
don't be attached to either side, just let the market show you what it wants to do, then simply go with the flow.
---
Best of luck!
The impulse was completed in November of 2021.
Since that top, Algo has put in what looks to be a zig-zag (labeled a-b-c).
-it has retraced roughly 61.80% of the entire bull run.
-quadruple bullish divergence on the daily time-frame is present (very rare).
-indicative that this dip could potentially be a wave (2).
if i'm right about all of these alts being in a 1-2,
then we are in for a ride into the skies.
---
things definitely don't look too good in the world right now,
the economic crisis which is happening right now would be the single biggest argument against what i'm portraying here.
the only way this scenario could play out, is if something drastic changed in the world in the near future.
---
i will continue to entertain the idea that these could indeed be 1-2's, but i'm also going to approach this very conservatively and with extreme care \ caution; making sure to use proper risk management if i ever was to play any of these.
nothing in this market is certain, in fact, it's all extremely uncertain right now; and there is an infinite amount of possibilities which could potentially be at play.
this is merely the bull case, nothing more.
there is also a very probable bear case, so you gotta be very careful.
don't be attached to either side, just let the market show you what it wants to do, then simply go with the flow.
---
Best of luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.