spot price will move to the top of the rectangle by the time the candles move past it (shown in comment)
based on the same movement upward on fisher transform indicator with green circle first time since april 2019
that was a $0.0231 increase from start to finish based on candle 1 low to candle 5 high
(april 2019) +50% / -50% (now)
$0.036155 increase from square bottom by candle 5 close ($0.093630)
because we are going long following a correction after day 5, look for lower buys in this order of sequence:
moving upward sell at fib levels
expect major resistance at orange dashed line $0.0137
based on the same movement upward on fisher transform indicator with green circle first time since april 2019
that was a $0.0231 increase from start to finish based on candle 1 low to candle 5 high
(april 2019) +50% / -50% (now)
$0.036155 increase from square bottom by candle 5 close ($0.093630)
because we are going long following a correction after day 5, look for lower buys in this order of sequence:
- .786
- January Trend Line
- Rose Line $0.07341
moving upward sell at fib levels
expect major resistance at orange dashed line $0.0137
Trade active:
OYB
OYB
Trade active:
Fully expecting to see the cup and handle materialize here, causing the pump up to the top of the rectangle
Trade active:
Cup and handle reached
Comment:
Trade active:
It's all coming together
Trade active:
Realized that I made a slight miscalculation when I originally posted this idea
April 2019 move from Day 1 low to Day 5 High = $0.0231 increase
Because price on present Day 1 of this same movement was half of what it was in April, (literally exactly -50%, that's why this works) we add 50% to the low from Day 1 candle (.03465)
$0.0231*1.5=$0.03465
$0.03465 + $0.068391 = $0.103041
So that's the linear mathematical plotted high. $0.
The logarithmic plotted high is the top of the rectangle which I have adjusted to sit on the start of Day 1 to the end of Day 5 (originally had placed it while on Day candles so it was not properly aligned from a micro POV)
So hopefully this makes more sense since I've rectified the miscalculation and explained a little more clearly about the idea itself.
April 2019 move from Day 1 low to Day 5 High = $0.0231 increase
Because price on present Day 1 of this same movement was half of what it was in April, (literally exactly -50%, that's why this works) we add 50% to the low from Day 1 candle (.03465)
$0.0231*1.5=$0.03465
$0.03465 + $0.068391 = $0.103041
So that's the linear mathematical plotted high. $0.
The logarithmic plotted high is the top of the rectangle which I have adjusted to sit on the start of Day 1 to the end of Day 5 (originally had placed it while on Day candles so it was not properly aligned from a micro POV)
So hopefully this makes more sense since I've rectified the miscalculation and explained a little more clearly about the idea itself.
Comment:
made a couple typos above, my apologies. hopefully you all can still see what I meant to write. all the info is there, just accidentally omitted in some duplicate places
Comment:
And here's the screenshot I forgot to paste above
Order cancelled:
Unfortunately for me, and anyone trading along with this idea, our targets were not reached, and I am looking to decrease as much loss as possible in exiting. I had had a stop loss in place but then was so certain this would pan out to a T that I cancelled it and put a 2nd sell order at .103041
and I was on vacation so I was not afforded the ability to be at my computer ready to respond to the collapse.
we may be about to enter an overall bear cycle so it may be best to hold off a few weeks before reentering into the market if you are still a small time trader like me.
Unfortunately for me, and anyone trading along with this idea, our targets were not reached, and I am looking to decrease as much loss as possible in exiting. I had had a stop loss in place but then was so certain this would pan out to a T that I cancelled it and put a 2nd sell order at .103041
and I was on vacation so I was not afforded the ability to be at my computer ready to respond to the collapse.
we may be about to enter an overall bear cycle so it may be best to hold off a few weeks before reentering into the market if you are still a small time trader like me.