Sabitlenmiş Tweet
Vince
1K posts

Vince
@deegeevince
I just want to help people understand themselves, and have better relationships in this world.
Katılım Aralık 2024
503 Takip Edilen157 Takipçiler

@deegeevince Congrats !
I also quit my job last year and now doing YT automation
English

It's not a bear market in my opinion. As well, what happened in the past is no guarantee it will continue to happen in the future. This four year cycle crap I continue to hear is complete nonsense! The crypto market is very young! A handful of four year cycles is not enough to convince me that it's a strong trend! Show me 30 years of history and I'll show you a more reliable trend structure!
English

Looking at the #ZEC daily chart we can see certain things that stand out. If the triangle structure I've laid out is correct, you can see where the lower rail intersects with the macro .382 fib level and the micro .786 fib level. That's important confluence. The C leg of an ABC correction of the macro structure often retraces to the macro .382 fib level.
Lastly, the downside order blocks are clearly more heavily weighted than the upside order blocks. This imbalance favors corrections to lower liquidity as order blocks are indicators of liquidity zones. Market makers always take price to where the most liquidity rests!
If price breaks structure (triangle), it can easily move closer to the .5 macro fib level and 1 micro fib level confluence as well as the order block in that area.

English


