I make a combination on Renko traditional T150 and Japanese candle daily timeframe.
2 days ago, Renko brick size in 4 hour timeframe is 225 and later changed to 150. When the brick size was at 225, the stoch rsi was at the bottom and later brick size changed to 150 at the same time Stoch Rsi reset at the top, meaning we have some more downside happening.
However, in the daily timeframe, Renko's traditional brick size changed to 400, meaning we have a limited downside for the short term (There will be a bounce).
My TA will be only correct as long as the 4 hourly renko value don't change again. By combining Renko and Fib ratio + Moving average weekly channel, the price might likely go to around 20K.
Brick size will change based on the market volatility I have closed some of my altcoin trade and the only altcoin I am still in a long position is Arweve (AR).
As I mentioned in my previous video, if you want to long short-term we should wait for bullish divergence to happen on Renko's traditional 4 hour timeframe. Don't worry, I will update as soon as I see a bullish divergence. Everything needs patience.
I am waiting for ADA trade too, I am waiting to have an absolutely good entry point. Good luck guys!
Comment:
Hi as of this morning Renko 4H brick size value changed from 150 to 75. I don't like when value is too small. Market will volatile, I will not place any short-term trade. Don't know market will dump or pump as of now. I will wait till brick size go back above 150. Thanks.
Comment:
Guys! I am sorry. I been busy as I am flying for the past 1 week. I see a short bounce is coming in soon. I was on long trade from 2 days ago for some altcoin, ADA, AR, KAVA and so on. Renko 4H stoch rsi flattening and value is table at 400 brick size. Price might bounce close to 27k. People are too bearish looking at historical data and sept is generally bearish month. I believe market will surprise everyone. Currently I am in profit on my all altcoin longtrade. Apology as I have no time to post. Take care