Hey, this is to payback all the good work made by @botje11 ! Calling out tops and supporting the community you should all follow him and read his regular update live action stream on TradingView with some clever thoughts on the Whaaaales!
Here, I have built somehing that MAY be very helpfull to analyse the crowds and the Algo! This is basically a "ratio" replication of the last crash that occured last December. Will help you SEE how target can play out and the paths that it can take. BE Carreful out there, this may NOT play as you see it here and might even become bullish but I doubt it.
Grey Lines is where I have taken my retracement from last drop.
Red is O.23
Green is 0.38
Blue is 0.55
Orange is 0.68
So far the bounce played out perfectly even if I missed by entries by few hundreds maybe it'll get there.
Key takeover, LADDER you BUYS ! LADDER your SHORT ! and something I have discovered recently LADDER your STOP LOSS! :)
This is not financial advise obviously.
Here, I have built somehing that MAY be very helpfull to analyse the crowds and the Algo! This is basically a "ratio" replication of the last crash that occured last December. Will help you SEE how target can play out and the paths that it can take. BE Carreful out there, this may NOT play as you see it here and might even become bullish but I doubt it.
Grey Lines is where I have taken my retracement from last drop.
Red is O.23
Green is 0.38
Blue is 0.55
Orange is 0.68
So far the bounce played out perfectly even if I missed by entries by few hundreds maybe it'll get there.
Key takeover, LADDER you BUYS ! LADDER your SHORT ! and something I have discovered recently LADDER your STOP LOSS! :)
This is not financial advise obviously.