The_Crypto_Samurai

MY MINIMALIST CHART ANALYSIS FOR $TERRA

Short
$LUNA
On a 4HR Chart
SHORT POSITION
06.30..22
1025H +8 SINGAPORE

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.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.

ALERT:
My Bearish Bias: All white price notes are possible entries depending on future price action.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy and is on a reversal of a trend.

Bitcoin is still bearish at this moment, but on a weekly, it has compressed too much and is about to reverse. Maybe we see a bull trap to further push it down or not. (See linked chart for $BTC)

1. We may see it climb further to 0.0007667 zone a FIB reversal, depending on the closing of the bar on its FIB retracement.
2. Trading ranges may develop between 0.00007478 - 0.00016300 before pushing upward, beyond our maximized target in the next few months.
3. Probable back to 0.00004226 trading ranges will take effect as smart money will try to wash out and rinse all the long positions after a bull trap on its way down.
4. Bitcoin is still bearish at this moment, but on a weekly, it has compressed too much and is about to reverse. Maybe we see a bull trap to further push it down or not. (See linked chart for $BTC)


Hoping that this BENTO BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE for LONG positions, either short, mid, or long term.

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 to 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.

NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
3. My BENTO BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, AB=CD Pattern especially institutional and retailer trading psychology .

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!
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On an HOURLY Chart: Fib 0.618 crating an AB=CD pattern/Measured Move
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Bull trap then down to 0.00010015
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On an HOURLY Chart:
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On a $HOUR Chart:
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On a 4HR Chart:
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NEARING EXIT:Bottom of the major box or we can see a capitulation on TOP of the minor red box. Just check all your confluence signals at any point from now.

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.