LONG POSITION -MOMENTUM STRATEGY - SWING 09.01..22 0936H +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: Entries for a BULL SWING when BTC starts up and running. Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) RSI still needs to go down at 20-30. It has RALLIED for the past 4 months and is has broken the FIB 0.382 level. Let us see a FIB 0.618 for a measured move towards our 1ST EXIT. Bitcoin is also holding strong support at the 20k zone and is shy away from being oversold at the point of the previous capitulation.
1. On a lower time frame, It may be a HEAD and SHOULDER PATTERN in which it can push it past the FIB 0.618 back to its previous low. RSI is still midway so chances is that it will happen. 2. We will watch what BTC does and closely monitor failures of our forcasts.
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. If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
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.)
NOTE: 1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time. 2. Created using data 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!
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On a WEEKLY Chart:
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On a DAILY Chart:
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On a DAILY Chart :
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On a WEEKLY Chart:
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Adjustments for Ethereum on a daily chart with short term entries using my Bento box minimalist analysis :
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On a DAILY Chart: Ether has broken our blue label price alerts and on its way back to our short term 1st entry at the bottom of the blue primary box.
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On a DAILY CHART: It will go back to short term 1st entry to look for more buyers
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On a DAILY Chart: after 10 days. will reach 1500 when it enters the market gap. Congratulating all who entered our first short-term entry, we are now close to 21% gains, and on our way to 39%. You can partially exit now and wait for a retracement to re-enter again at Fib levels 1217 or 1162
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On a 4HR Chart: Congratulations! Partial exit from our 1st short-term entry, approx.. 10% gains. Still looking at exits at the yellow outline trigger alert levels.
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