Good evening guys…
I haven’t forgotten about you guys, I will be getting that masterclass session done for you all…The family has come to see me at the hotel so I am kicking back with those guys…
Please refer to the images above which is what I am expecting into the weekend and taking into consideration price action this evening.
So the first chart is the bitcoin price structure that we drew off earlier today..
In principle, we are in the creation of the M formation structure to finalize this move up for the mid-term.
Specific reference points in the chart are designed to get you to think like a market maker…
The 3rd Hit zone is where I expect the price to end up on the basis that the price holds the zone at ydays high at 24228.
EMAS appears to be showing strength in bitcoins’ attempt at moving higher…but the 50 is breaking down on the time frame shown in the chart…But focus on the higher time frame emas to understand where the momentum is leading price.
Ethereum – The discussion in eths image is my projection that will lead us into the weekend..I am expecting eth to move higher to finalize this wave of price movement higher and then bring her back down into the consolidation zone as mentioned above.
You will see the blue dashed lines which are previous vector candle zones from the previous drop. You can see that eth has traveled into these zones and there is currently two more zones for them to take, so you can see why if price holds this structure, then I expect another move higher for us to finalize the range and take back the vectors from the previous move (blue dashed lines)
So considering the above…What do you do?
If there is something I recommend it’s making sure you trade at the best possible time…
Taking marginal trades is only going to put you in situations that you may not want to be in… What’s the first thing you do when someone says “Look inside this” or “Open this box” Naturally your instincts tell you to analyze the situation…
Mother always says, “Prevention is better than Cure” – Rather than put yourself in a situation where you have to heal, better to avoid it and be safe.
The same applies to your trading…You put your capital into a curing phase…You may not be cured…Yet you can always “prevent” your capital from having to be cured in the first place…
Will check in with you later this evening guys.
Mad Love
T
