Mock Up Price Action for $BINANCE:TRBUSDT | Near Term (2HR)Mock Up Price Action for BINANCE:TRBUSDT | Near Term (2HR)
- Watching and waiting for THE opportunity to enter short
- For TRB, I believe this is our next whale play market manipulation pump and dump. I think that it is going to surprise a lot of people just how quickly, hard, and high this will go (Think BINANCE:GASUSDT from the other month). I am anticipating that all of the whales that accumulated at $15 from 4 months ago, holding 76% of the token supply, and that for these last couple of months have moved large portions back onto exchanges staging their holdings in order to make a big play, are going to perfectly time purchases at key points to create bullish patterns and 'breakout' conditions, climbing up and up, short squeezing stop hunting and liquidation hunting across the board before suddenly rug pulling everything taking profits and causing a massive sell off and dump of TRB.
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
Still watching and waiting for a movement like this before I consider entry into short. My most likely scenario to play out will be continued BTC ETF approval speculation and hype driven bullish pump for market leading into SEC decision, then upon the news dropping good or bad (IMO likely good and green light ETF approvals), a "buy the rumor sell the news" short term healthy pullback for the market. BTC has run for the past couple months and so in January my anticipated small/normal pullback correction and people taking profits playing to the buy the rumor sell the news.. Which this in my observation would initially present like a panic sell off of everything, but once folks realize BTC isn't going into the dirt and things stabilize out, range and accumulate, then ETH to take a turn in February next, before then the ALTs February into March. Money flowing from Large to Mid to Small to Micro cap as is the natural progression of things. And in March with the market having confirmed recovered and run bullish for all this time, some kind of bullish recovery top and then massive cascading dump leading into the BTC Halving event March through April, pulling back hard recovering, then May the beginning of a steady climb up and true bull cycle. I'm not chasing anything right now, as I believe its too risky to assume one way or the other. I Entered the market and made my trades October through November and essentially pulled out of all short term speculative positions/trading. I am now taking the opportunity to observe the market, watchlist and monitor the winners and price actions, map out potential bullish and bearish targets, and simply patiently wait for whatever this correction / crash / rug pull moment before cherry picking re-entering the market in earnest. Until then I will simply take advantage of quick trades in and out, in parallel to just accumulating my mid to long term bags of things I actually believe in like OKX:CSPRUSDT and BINANCE:XRPUSDT
