TL:DR
Review last analysis
Being conservative was the right play regarding the recent dump, since the worst case scenario happened. Price broke through the first major area of support and tested the second one faster than we anticipated , we took some losses because of that unfortunately.
Conclusion
Well, the market gave us a nasty crash last week which...
MIDPERP is setting up a strong pattern for a potential breakout over the next week or so. We know SHITPERP has already had a massive run so I'm expecting money to flow into other safer opportunities. This setup has decreasing volume so it is prime for breaking to the upside. Riskier traders enter at the apex of the wedges whereas safer traders might be better...
Buy the RSI double triple bull div and
Sell the Overbought
MID: The Mid Cap index contains the following coins ...
Ticker
ALGO
ATOM
BAT
CRO
DASH
DCR
DOGE
HT
IOTA
LEO
NEO
OKB
ONT
QTUM
VET
XEM
XLM
XMR
XTZ
ZEC
ZRX
OMG
COMP
BSV
FTT
YFI
UNI
SNX
MKR
AAVE
Hopium...
Hard to say on some coins if we are done or if we will still put a last higher high.
Some other coins like $ZEC or #Midperp look more convincingly done.
Hi Traders and welcome to another video update!
Today I shared with you my thought process in following the price action using the Wyckoff Method
For your information, the Indices that I use can easily be looked up: DEFI PERPETUALS , MID PERPETUALS and so on
Let me know what markets you'd like reviewed next in the comments section below,
And like always,...
It's already at equal high compared to 30th of April. Looks like a clean wave 5 unfolding.
Midperp contains alts such as ADA, XLM, XTZ, LINK which are pushing it higher right now.
Price broke below 4H support, retested resistance and looks ready to short
Entry: Market
Target 1: 644.3
Target 2: 615.1
Target 3: 572.8
SL: 707.7
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