

Not looking good for my trade so far based on this candle but I will not go against structure :) Let's have patience and see what happens.
Big Red
968 posts

@RedGrindingHood
Fibonacci told me where price was going. So I built indicators around it. Structure is everything. My tools prove it.


Not looking good for my trade so far based on this candle but I will not go against structure :) Let's have patience and see what happens.
















$QANX on the other side has a HORRIBLE chart, it has the potential to go -87% all the way down to $0.0016 THIS YEAR. To prevent that, it needs to form strong support exactly where it is now. So that probably means chop for a while. And if it pumps, you could get a 3x and then we go back down so keep that in mind as a trade instead of blindly holding till valhalla I am honestly shocked with this chart. For the shit trading volume $QRL gets, I must say that it's extremely positive volume... Take that as you want, but it surely has to be a sign of something. $QANX volume is slightly better but it all seems to be negative volume. Crazy. If the negative volume continues, this chart is doomed.







Also wanted to say that $QRL either has a very very bullish chart and we could see $6 to $10 organically... without a bull market or quantum narrative fuelling it OR It is overextended and needs to retrace to around $0.50 if you held a gun against my head and forced me to pick, I would lean towards the $0.50 target But the first scenario is still possible. Very very very plausible. I will keep updating you guys. The main thing to look for is bullish invalidation and breaking out of it's structure which is rather narrow so it would be kinda obvious if it is turning bearish. First chart uses Wolf Trap [Alpha] Second chart uses Wolf Trap [Omega] Just codes for different fibonacci techniques


In amazing trade positions, itty bitty candles like this is where the doubt starts. The trick is to ignore it and let the full thesis play out whether it results in invalidation or a win. I am convinced this $TAO short can make me 6 figures. I would rather break even or lose some money than miss this type of structural trade.





