SLP update,
As expected, a rejection around 1.9 petot!! (Actual SLP rejected @2.0 petot).
SLP rejected @ ma200, mahirap talaga basagin yang ma200 (yellow line), as i mentioned sa last post..
What do we expect next??
2 scenario,
First,
SLP formed ascending broadening wedge, posible bounce sa lower line na red, bouncing area, then aangat toward the upside..
2nd scenario, breakdown the lower red line and create head and shoulder pattern..
Invalidation ng pattern is the below neckline yung yellow horizontal line, dapat yung stop loss nyo nasa ilalim nyan. INVALIDATION AREA, meaning babagsak dyan pag binasag nya sa baba.
Btc is the key, still dumping, natural lang na susunod yang SLP most of the ALTCOINS are correlated with btc, kaya be careful master, lagi nyong anticipate yung galaw ni btc
Ofcourse,, I am still stick to my target @2.58 petot once ma break o malagpasan clearly ang ma200 walang duda yan,, Break clearly dapat buong candle ang nakatawid sa taas ng ma200 hindi po valid pag candle body lang yung nakatawid sa taas ng ma200,
2.58 petot is very transparent wag lang mag materialize yung head and shoulder pattern.
SLP is still intact, wag kayong titimgin lagi sa smaller time frame kasi hindi yan reliable, sa bigger picture nyo tignan o sa bigger timeframe..
Smaller timeframe is considered ZOOM-IN ng chart, kaya hindi nyo madedetermine ang trend dyan as awhole... You need to zoom-out the chart.. proceed kayo sa bigger timeframe at para hindi kayo masyadong kabahan..
Sana natututo kayo kahit papaano..
See below images.
Good morning.
-MB
As expected, a rejection around 1.9 petot!! (Actual SLP rejected @2.0 petot).
SLP rejected @ ma200, mahirap talaga basagin yang ma200 (yellow line), as i mentioned sa last post..
What do we expect next??
2 scenario,
First,
SLP formed ascending broadening wedge, posible bounce sa lower line na red, bouncing area, then aangat toward the upside..
2nd scenario, breakdown the lower red line and create head and shoulder pattern..
Invalidation ng pattern is the below neckline yung yellow horizontal line, dapat yung stop loss nyo nasa ilalim nyan. INVALIDATION AREA, meaning babagsak dyan pag binasag nya sa baba.
Btc is the key, still dumping, natural lang na susunod yang SLP most of the ALTCOINS are correlated with btc, kaya be careful master, lagi nyong anticipate yung galaw ni btc
Ofcourse,, I am still stick to my target @2.58 petot once ma break o malagpasan clearly ang ma200 walang duda yan,, Break clearly dapat buong candle ang nakatawid sa taas ng ma200 hindi po valid pag candle body lang yung nakatawid sa taas ng ma200,
2.58 petot is very transparent wag lang mag materialize yung head and shoulder pattern.
SLP is still intact, wag kayong titimgin lagi sa smaller time frame kasi hindi yan reliable, sa bigger picture nyo tignan o sa bigger timeframe..
Smaller timeframe is considered ZOOM-IN ng chart, kaya hindi nyo madedetermine ang trend dyan as awhole... You need to zoom-out the chart.. proceed kayo sa bigger timeframe at para hindi kayo masyadong kabahan..
Sana natututo kayo kahit papaano..
See below images.
Good morning.
-MB
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