Long
A very optimistic approach to MATIC chart
Some fantasy about MATIC chart.
Head&Shoulders target being the new accumulation level with a spring to the previous low. Macro double bottom. Adam&Eve. Perfect preparation for the bull run.
Head&Shoulders target being the new accumulation level with a spring to the previous low. Macro double bottom. Adam&Eve. Perfect preparation for the bull run.
Nota
Not fun version. I like MATIC. I used to use it heavily. I would definitely buy the double bottom.Nota
I don't think this is a great short right now btw. It makes me feel like one last up thrust is needed before confirming anything. Nota
And I don't think it's gonna happen but invalidating H&S would be super bullish. You would look for crazy targets in that case.Nota
This is a 200d range so far. It's not a toy for kids. Big guys are playing such things. And they are playing it around the major correction levels. So this H&S pattern is IMPORTANT. Invalidation crazy bullish. Confirmation crazy bearish.Nota
If you wanna be conservative about your bearish target, 0.54 is the one.Nota
Looks like it's trying something. I think we are close to a decision here.Trade attivo
I am in. 1.057 entry. I'm not very passionate about this position. So just a ~2.5% stop loss.Nota
Stopped :D I am holding very little part of the short. Will close all ~1.185.Nota
12h close above this is good enough invalidation signal for me. Invalidating h&s should be bullish. No point in searching for the next bearish setup after that. Big bearish setup invalidation should mean big bullish intention.Nota
Next target is easily 1.47 in that case.Nota
Well, you should show us strength MATIC. Why would you get rejected there if you were so bullish to break a massive bearish setup?Nota
Ok let's go then.Nota
Will the range hold or was it just a big noise?Nota
It has performed really well in this bear market. It probably has still some room to the upside in this rally. But would I consider it as a long-term hold with this chart? No.Nota
Reaccumulation or distribution? Time will tell.Nota
I think 0.5 & 0.618 retracements are tradable. Many coins have a distributive outlook right now. I can't say the same for MATIC.Nota
Yes this looks like a deviation but it doesn't give me distribution vibes to be honest. More like a failed reacccumulation. Or failed for now?Nota
It already pumped above macro correction levels. So idk.. I can find enough reasons to be bearish on almost all crypto charts. But not on MATIC chart right now.Trade attivo
Long @0.953. Last chance imo.Nota
Like this. Nothing crazy.Trade chiuso manualmente
Ok i'm out ~1.029 lol. Quick one.Nota
Good bounce tho. It can go much more.Nota
Someone on twitter pointed out the similarity of this chart to MATIC chart. Actually yes, at this point I have to accept it looks like a redistribution.d.stockcharts.com/img/articles/2015/11/1446837631954895112336.png
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I'm considering to short in case of a good correction tbh.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.