Inverse Chart of VELO "Massive Dump Inbound" | Mid Term (3D)Inverse Chart of KUCOIN:VELOUSDT "Massive Dump Inbound" | Mid Term (3D)
- As a hedge against the market I am accumulating small and micro cap ALTs to weather the storm of the impending market correction/pullback period leading into the BTC halving event in April.
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Additional Remarks
Something I like to do to give myself some valuable perspective when looking to invest/trade for after I've mocked up HTF price action and possible movements with fibs, parallel channels, and fractals, is to then inverse the chart (Keyboard Shortcut ALT + I), and zoom out... Sometimes just seeing things from an alternate perspective, can give you that last little bit of confidence needed.