Sup guys,
The images above are on the basis that if we hold this zone, the projection zone is where price may end up before we start to see the next set of behaviors.
However we must proceed with caution and always always always add caution to caution…
Tell me why you would consider an entry right now?
Is there enough information ? Emas? corssing over, momentum established, time of day?
I would hope that you wouldnt simply open a trade and hope for the best….Anything can happen…
The idea is to get familiar with the practise of projections…If they work out, understand why, if they dont, understand why, at least you would have had the before and after to go on…
Consider Ethereums chart…On the assumption that we fail to move higher, we could be heading to the boxed area that would form a big inverted head and shoulders…This could be the same for both Bitcoin and XRP…
It’s funny aint it, however even though everything looks favourable to the upside, there will always be the aspect of price actually going the opposite way, which would blow out the projections above, then in an instance, price reverses and goes in teh direction that we initially anticipated …..
How do we handle this….
WAIT FOR THE RETRACE AND TEST OF THE BREAK OUT TO THE UPSIDE.
Let’s see what they will reveal today…
Mad Love guys
T
