white line ?
IF THIS HOLDS MAYBE I DONT GET ANY DEEPER INTO THE YELLOW LINE IM WIAITNG FOR.
I'll be watching this line that's held for the last 2 sessions and see if this continues to later be some sort on intra support. I'll monitor this to see if it becomes the more dialed in and updated angle more so than the yellow line below it. Only time will tell. But it gives me one more thing to watch and take into account when figuring probabilities of trades and R/R. I still say in the immediate term we remain in an uptrend that began last year. We are at the bottom channel of what has been the support for all corrections over the last several months. I think there's a decent chance we go fill the gaps higher up in the 3300 ranges possibly. in the bigger picture over the next year plus i still think we have more pain to come on many fronts and i think we still need to see how far the markets fall when we finally get a real housing correction. I also think the heavily over inflated car market has to take a big hit and that most people are not really realizing how BIG that is. Many people have auto loans bigger then and or similar to many people's mortgages. A year ago, when everyone was still saying numbers above 4850 and even 5300 i said we needed to expect a visit to begin towards a destination in the 2850-3300 areas, that I expected to begin just after Turkey Day. i.e., thanksgiving. I posted videos and plenty of charts on it. We have been in a downtrend overall on higher time frames ever since. However, we recently broke above the major downward trend of that last period and are possibly in an OVERALL new if not then a temp. UPTREND. Which began about 4 months ago in October. IMO we will really get some answers on momentum and direction here real soon as many of these lines all begin to converge in the 4100 range. Most people should not be trading this chop. They should be waiting to confirm breakouts and or setup tops for shorts and or be waiting to confirm breakdown here real soon and begin see how far back towards 3400 they can take this thing. If not into shorting etc. and only looking to invest have PARTIENCE I think better prices will come between this year and 2025...
If using this to gauge and buy crypto begin DCA last year was the plan and if late to the party begin DCA now and until your well into profits each time between now and 2025...
I'll be watching this line that's held for the last 2 sessions and see if this continues to later be some sort on intra support. I'll monitor this to see if it becomes the more dialed in and updated angle more so than the yellow line below it. Only time will tell. But it gives me one more thing to watch and take into account when figuring probabilities of trades and R/R. I still say in the immediate term we remain in an uptrend that began last year. We are at the bottom channel of what has been the support for all corrections over the last several months. I think there's a decent chance we go fill the gaps higher up in the 3300 ranges possibly. in the bigger picture over the next year plus i still think we have more pain to come on many fronts and i think we still need to see how far the markets fall when we finally get a real housing correction. I also think the heavily over inflated car market has to take a big hit and that most people are not really realizing how BIG that is. Many people have auto loans bigger then and or similar to many people's mortgages. A year ago, when everyone was still saying numbers above 4850 and even 5300 i said we needed to expect a visit to begin towards a destination in the 2850-3300 areas, that I expected to begin just after Turkey Day. i.e., thanksgiving. I posted videos and plenty of charts on it. We have been in a downtrend overall on higher time frames ever since. However, we recently broke above the major downward trend of that last period and are possibly in an OVERALL new if not then a temp. UPTREND. Which began about 4 months ago in October. IMO we will really get some answers on momentum and direction here real soon as many of these lines all begin to converge in the 4100 range. Most people should not be trading this chop. They should be waiting to confirm breakouts and or setup tops for shorts and or be waiting to confirm breakdown here real soon and begin see how far back towards 3400 they can take this thing. If not into shorting etc. and only looking to invest have PARTIENCE I think better prices will come between this year and 2025...
If using this to gauge and buy crypto begin DCA last year was the plan and if late to the party begin DCA now and until your well into profits each time between now and 2025...
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