@CastilloTrading What makes you think a bounce off of range lows is a higher probability than another leg down?
Just interested in your thought process.
Lower lows look obvious to me
The Most Important Realization for a Technical Trader is this
If you get this one truth, your entire trading career changes overnight: Technical analysis doesn’t predict the market, it frames your behavior within it.
Most traders spend years trying to use charts to forecast the future. They draw levels, patterns, fibs, and divergences thinking they’ll “know” what comes next.
But the market isn’t a puzzle to be solved, it’s a dynamic auction that constantly reprices information.
The true power of technical analysis is not prediction, it’s context. It helps you define:
Where your thesis is valid or invalid.
Where risk and opportunity are asymmetrical.
Where others are trapped and where you can act objectively.
Once you realize this, your charts stop being prophecy tools and become decision frameworks.
Your trades stop being about being right and start being about executing your edge
The shift looks like this…
From “What will happen?” to “What will I do if it happens?”
From “I think price will go up.” to “If this level reclaims, I’ll look for confirmation and risk 1R.”
From prediction to probability.
The moment a trader stops using charts to predict and starts using them to prepare, is the moment they cross from amateur to professional.
@JoeCarlasare Bro, it looks like the end of the cycle. I don’t know if it is or not, but why.l not at least leave room for that in your commentary rather than making bold statements that ignore the current facts?
welcome to the last stage of the bull market where you need to embrace the volatility in order to survive and make money, where dips will be brutal and rips will be violent
dont get bearpilled here because if things go right, the next couple of months could be life changing for you
we just had a traumatic liquidation event where thousands of people lost billions of dollars and the majority is either scared to bid or got liquidated which makes me believe ~ max pain is up
one last ride in Q4
goodluck, have fun and..
"Buy the dip on alts" they say
But theres no mention of how to action this:
So here's something relatively simple and actionable
In a recent stream, I outlined a simple yet effective approach for positioning in alts:
Mark out the July Monthly Open (M/O) on the chart.
Identify confluence with a key demand zone, this is your area of interest should they align.
Look to buy pullbacks into the M/O, using the zone as a base for entries or scaling in and pay attention to microstructure.
If alts are gaining momentum over the coming weeks, the Yearly Open becomes a clean upside target (if its higher)
From what I’ve seen across multiple alts, this setup offers 3R to 5R potential, depending on how you structure the trade.
Cheers
Many see the charts rip and freeze.
''I missed it again''
I’ll show and explain my favorite setup.
Used it on SOL at $30 and HYPE at $14
1. How to use it
2. Some Altcoin examples
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