PSG/USDT Main trend. Wedge. 21 11 2023
Logarithm. Time frame 1 week.
🔵The main trend is a descending wedge, we are in the final phase of its formation. There has been no breakout (trend break) yet. It is quite possible we are in the minimum price zone of the trend. From a cyclical perspective, we are (the phase of hypothetical peak capitulation can be ignored). As a rule, such altcoins never repeat their highs for obvious reasons (if they do, it's a few out of hundreds, remember that).
📊Adequate target (with 90% probability to be reached this mid-range of the long-term formation or slightly above). So a perfectly adequate target is +500%, primarily for those for whom trading is "none of their business". Buy and forget for a few months or half a year. To increase money in 5 times without absolute waste of time and news monitoring as for me for such good solutions.
If people hustle in trading, they may not even get what the market “gives”. That's a fact.
📊 Profit can be significantly increased if trade every impulse after the breakdown of this downtrend. That is, the entire timeframe of the participation phase, which is the price movement of the entire year 2024 to the 2025 distribution zone (trend highs, reset phase).
💰It is worth noting that the fattest earnings are always on trend reversals, i.e. on the breakout (breaking through it).
⚠️The psychology of people's behavior is always the same:
1) Expensive - always buy eagerly, the next "promising"...
2) Cheap - waiting for it to get cheaper (e.g., now -94% off price highs). Never catch trend lows as well as highs.
3) Trend reversal and momentum +82% - hamster action is canceling "lower" orders and buying "to make time" already relatively expensive. This is how reversal impulses are prolonged. The lower the liquidity, the higher the slippage in % price expression.
4) Real hamsters, who are used to constant price declines, wait for cheapness even after a reversal. If it does occur on capitulation, the price often underperforms previous lows. They have zero reaction. Price even lower - capitulation of expectations. They are already then afraid to buy, even something below the expected price. They will probably similarly buy another similarly "promising" crypto coin in the distribution area, but with a different ticker name. The sansara of stupid money repeats itself.
5) 2024 participation phase - i.e. attracting traffic and connecting the crowd to the trend development. Increase in overall market capitalization. Revival of hope.
🔴📉 The chart showed the range of the capitulation zone, meaning price is now and below the wedge formation (unlikely) in the event of some force majeure event that affects the entire market. You just need to always keep this in mind and plan for it in your mani management, even if you don't believe in it. 20-30% of USD entry or profit if you are a riskier client.
Line chart.
Simply a classic of technical analysis.
Secondary trend and reversal zone of a long-term trend.
🔵The main trend is a descending wedge, we are in the final phase of its formation. There has been no breakout (trend break) yet. It is quite possible we are in the minimum price zone of the trend. From a cyclical perspective, we are (the phase of hypothetical peak capitulation can be ignored). As a rule, such altcoins never repeat their highs for obvious reasons (if they do, it's a few out of hundreds, remember that).
📊Adequate target (with 90% probability to be reached this mid-range of the long-term formation or slightly above). So a perfectly adequate target is +500%, primarily for those for whom trading is "none of their business". Buy and forget for a few months or half a year. To increase money in 5 times without absolute waste of time and news monitoring as for me for such good solutions.
If people hustle in trading, they may not even get what the market “gives”. That's a fact.
📊 Profit can be significantly increased if trade every impulse after the breakdown of this downtrend. That is, the entire timeframe of the participation phase, which is the price movement of the entire year 2024 to the 2025 distribution zone (trend highs, reset phase).
💰It is worth noting that the fattest earnings are always on trend reversals, i.e. on the breakout (breaking through it).
⚠️The psychology of people's behavior is always the same:
1) Expensive - always buy eagerly, the next "promising"...
2) Cheap - waiting for it to get cheaper (e.g., now -94% off price highs). Never catch trend lows as well as highs.
3) Trend reversal and momentum +82% - hamster action is canceling "lower" orders and buying "to make time" already relatively expensive. This is how reversal impulses are prolonged. The lower the liquidity, the higher the slippage in % price expression.
4) Real hamsters, who are used to constant price declines, wait for cheapness even after a reversal. If it does occur on capitulation, the price often underperforms previous lows. They have zero reaction. Price even lower - capitulation of expectations. They are already then afraid to buy, even something below the expected price. They will probably similarly buy another similarly "promising" crypto coin in the distribution area, but with a different ticker name. The sansara of stupid money repeats itself.
5) 2024 participation phase - i.e. attracting traffic and connecting the crowd to the trend development. Increase in overall market capitalization. Revival of hope.
🔴📉 The chart showed the range of the capitulation zone, meaning price is now and below the wedge formation (unlikely) in the event of some force majeure event that affects the entire market. You just need to always keep this in mind and plan for it in your mani management, even if you don't believe in it. 20-30% of USD entry or profit if you are a riskier client.
Line chart.
Simply a classic of technical analysis.
Secondary trend and reversal zone of a long-term trend.
Commento:
Commento:
is still unchanged after breaking the resistance of a huge wedge. The price is in the range of the horizontal channel, the price at the meridian. Now at the moment the price is 3,372
Trade chiuso: obiettivo raggiunto:
Local Work. Pump momentum reaching the 6.58 level (13), which is +126% off the downtrend break, or +70% off the break of the 3.860 accumulation channel resistance of this local bowl. Pullback for now.
Trade attivo
Commento:
After the pump, rollback to retest the accumulation breakout zone. Recovery back to 5.39. A rare figure has formed - “Microphone” due to many buybacks in the market (short upward squeezes + buyer volume, the order book is strengthening). Local target for May, in case of a breakthrough of this resistance.
Commento:
Recommended Attention. France soccer team fan fiction.
Pay attention to all cryptocurrencies that are sports related and can use the Olympics themselves as a news background marketing promotion.
Huge probability of a big pump, and it's not so much on TA as it is in relation to future events. The market maker's actions provoke a pattern on the chart (low liquidity makes it impossible to hide). That is, a set of high volume does volatility, thereby forming a "microphone", which is a pamp pattern of aggressive accumulation of the second phase "capitulation" on the rise.
🟣 Locally, under the market anything can do. The point, take away your cryptocurrency.
👀What is the reason for the recruitment and interest? Simple:
France's soccer team, Paris. Where the Olympics will be held this summer. Marketing. Prestige.
06 2024 UEFA Champions League 2023/2024 final (less than 1 month left) Team contender.
It's probably logical to assume that the planned big PR campaign for both UEFA and the connection to the games. Crypto, one of the components of the marketing promotion of the team. Which should fight for prizes, as it is the prestige of France, the country organizing the Olympic Games. The games themselves are politics and a very vulnerable place for an event-based social game.
1️⃣ First important event (key).
The UEFA Champions League 2023 / 2024 is the 69th edition of Europe's premier club soccer tournament, which will be the last with the existing 32-team group stage format. A new European Cup format will be introduced from the 2024 / 2025 season.
2️⃣ A second news event that may indirectly affect this cryptocurrency.
🗼 The 2024 Olympic Games will be held in Paris, France from 26 07 to 11 08.
The main thing is that the organized planned “unrest” of emigrants will not prevent the promotion of all such sports-speculative under the news background of the Olympic Games. If, let's say hypothetically there will be some tractor drivers or something like that (it is important, the boldness of the scale of the game, to promote fear and restrictions, distinguish between the promotion of a fictitious manipulative event on the Internet and "promotion in reality"), then obviously then will not be up to marketing promotion and the games themselves. If this happens, all such things will already be pumped, so keep your finger on the pulse, that is, protect your profits with a banal stop loss and do not be greedy.
Pay attention to all cryptocurrencies that are sports related and can use the Olympics themselves as a news background marketing promotion.
Huge probability of a big pump, and it's not so much on TA as it is in relation to future events. The market maker's actions provoke a pattern on the chart (low liquidity makes it impossible to hide). That is, a set of high volume does volatility, thereby forming a "microphone", which is a pamp pattern of aggressive accumulation of the second phase "capitulation" on the rise.
🟣 Locally, under the market anything can do. The point, take away your cryptocurrency.
👀What is the reason for the recruitment and interest? Simple:
France's soccer team, Paris. Where the Olympics will be held this summer. Marketing. Prestige.
06 2024 UEFA Champions League 2023/2024 final (less than 1 month left) Team contender.
It's probably logical to assume that the planned big PR campaign for both UEFA and the connection to the games. Crypto, one of the components of the marketing promotion of the team. Which should fight for prizes, as it is the prestige of France, the country organizing the Olympic Games. The games themselves are politics and a very vulnerable place for an event-based social game.
1️⃣ First important event (key).
The UEFA Champions League 2023 / 2024 is the 69th edition of Europe's premier club soccer tournament, which will be the last with the existing 32-team group stage format. A new European Cup format will be introduced from the 2024 / 2025 season.
2️⃣ A second news event that may indirectly affect this cryptocurrency.
🗼 The 2024 Olympic Games will be held in Paris, France from 26 07 to 11 08.
The main thing is that the organized planned “unrest” of emigrants will not prevent the promotion of all such sports-speculative under the news background of the Olympic Games. If, let's say hypothetically there will be some tractor drivers or something like that (it is important, the boldness of the scale of the game, to promote fear and restrictions, distinguish between the promotion of a fictitious manipulative event on the Internet and "promotion in reality"), then obviously then will not be up to marketing promotion and the games themselves. If this happens, all such things will already be pumped, so keep your finger on the pulse, that is, protect your profits with a banal stop loss and do not be greedy.
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
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✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: www.instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
