$BTC This is my SECOND Published Idea for the new year 2022
01.20.22
1250H +8 SINGAPORE
Just got back from Omnicron, what an experience. Sorry for not publishing ideas, but more or less, what was forecasted last December looks pretty much on track.
2022 will be a weekly analysis and all trades will be from short to mid term (LONG) SWINGS . I will be including a daily chart to confirm weekly analysis. Less stress this time around and more quality.
I will be working on 10 top choices on cryptos and may include a hand full more depending on a a crypto's character.
I will scout for possible parabolic swings and will be based on fundamentals and beyond technical analysis based on 2021 and present.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
Not sure if the right shoulder has formed on a weekly.
If indeed it would be an H&S, Bitcoin still has room to further dip down to an H&S base at around 37-40k. Worst case scenario like world events, regulatory sitcoms and the likes will take it way down to 30k.
Anyways, these will be good entries. Do not FUD, vital signs are normal and the blockchain technology case use is definitely improving, expanding in all ways.
Based on VITAL SIGNS (RSI, STOCH, VOL., MA VOL.) Looks healthy:
1. RSI still midway down
2. STOCHS on the LOW
3. Volume has a lot of supply for BUYERS to TAKE.
4. Downtrend had a Bearish Correction of FIB 0.382, if indeed that was a right shoulder.
5. We can then expect a strong support at the 41k zone.
6. Right Shoulder is same as the left or it still has to make a bull trap to form a higher right shoulder. Guess we have to be patient and wait for things to unfold.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
Looking back ,a year now when the MINIMALIST BOX ANALYSIS was made,
the Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE.
Happy Trading Everyone!
Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Vive Le Diamond Hands!
Comment:
On a DAILY
Comment:
ADJUSTED WEEKLY CHART :
Comment:
MIDWEEK REVIEW on a DAILY CHART: Completion of the H&S Pattern
Comment:
MIDWEEK REVIEW on a WEEKLY CHART: I am a bit confused if my reading for an H&S is right. If I am correct with the rules that the neckline to head measurement will be the same down when the right shoulder is lower. If it is, we are looking at a 14k zone. Vital signs RSI shows a reversal after the stochastic goes back to LOW.
I will review my notes again...
I will review my notes again...
Comment:
THIRD WEEK REVIEW : The market did not breakk the TOP of our major and minor boxes. Possibility of moving further down to support at the zone of capitulation, after a possible bulltrap developing.
