Hi Traders,
Looking at the structure, we have structure within structure, all bullish structures.
I have used the bottom fib level and other pieces of information to look for a entry point, x2 levels.
Those who think we have more lows to go, that could be the case but with current situation\opportunity.
SOPR indicates on the daily that we are very close to the bottom.
SOPR historically shows where selling is a loss, meaning over sold conditions exist at this point.
41k might be the ideal entry point, but will we get there, its likely, as we have bearish stock conditions and bullish short term DXY conditions.
But based on the chart below, I think that was it.
All the best,
S.SAri
Potential paths, long way to go.
Looking at the structure, we have structure within structure, all bullish structures.
I have used the bottom fib level and other pieces of information to look for a entry point, x2 levels.
Those who think we have more lows to go, that could be the case but with current situation\opportunity.
SOPR indicates on the daily that we are very close to the bottom.
SOPR historically shows where selling is a loss, meaning over sold conditions exist at this point.
41k might be the ideal entry point, but will we get there, its likely, as we have bearish stock conditions and bullish short term DXY conditions.
But based on the chart below, I think that was it.
All the best,
S.SAri
Potential paths, long way to go.
Note
Here is another perspective using a different style of TA. The 50 daily ema is so far proving to be support and if anyone knows, 50 ema is a powerful indicator.Note
another Wyckoff re-accumulation scenario, one of manyNote
just an observable updateNote
updated chart, support lines, etcNote
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.