APE - Another Great DEEP Value Buy

APE appears to be a really great deep value buy here. Yesterday it closed a bullish momentum candle on the week chart and has pushed up beyond the trendline. It appears to have bottomed tidily between phi; 1.618 and 1.786 overshoot ratio band. This coin may have serious pump action I think. Not advice

코멘트:

$100 is an approximate 1.382 ratio based target for this coin. We'll see; it could be more more if it reaches a higher fib.

코멘트:

In the previous bull market ETH completed a 1.382 extension and that was with a large market cap in a second bull market.

APE has not had a bull market yet and so it has plenty of room to grow.

코멘트:

"Walter" well spotted that this is a shooting star shakeout on the 2 day chart and has exited.

This is a reasonable thing to do and there is a good chance that it will at least go slightly lower and I think perhaps could get back to the 1.618 @ $1.1 which would be a 32% discount.

This is made more likely if Bitcoin and indexes correct and currently it looks like a reasonable chance that they will.

But i'm just going to hold here because i'm trading based on the previous bullish momentum candle here on the basis that APE is deep here, its been a very clean 1.618 Golden Window catch and this area is the higher liquidity pocket below the trendline that at some point will likely prove to be a shakeout to then pump out of this area.

Also the small candle bodies (yellow arrow) look like a fairly tight accumulation.

And a shooting star shakeout can also be part of a continuation pattern as we have seen with Bitcoin recently.

Its all a matter of strategy and I am also saving allocation for if a Bitcoin correction does comes.

But also considering Altcoin Dominance charts, this is the time when they are likely to pump and so that is why I prefer to trade with higher time frame bias in consideration that this area is very deep.

And it may end up looking ridiculously deep by the end of the market cycle.

Again its the strategy of not tripping over pounds to try to save pennies 🤨.

코멘트:

APE

Up 12% earlier today and it looks like the next wave up here.

Notice how the bearish shakeout with shooting star on the 2 day chart led only to a short bearish wave that became a re-test of the trendline and delicately find support before the next wave up.

This looks good to head on up to dizzy highs from here 👍.

코멘트:

APE

Had an 28% spike out of a whipsawing manoeuvre.

This might be a clue that there is a pump in the pipeline.

As I keep saying APE is very deep and a great top 100 coin.

코멘트:

APEBTC

Is my favourite high rank coin in this bearish phase.

And it appears to be in a tight contraction pattern against Bitcoin.

I really like APE here and there could be quite a pump coming I think.

Might be some sort of flash crash before Bitcoin is done so I have bought some APE here and scattered some limit buy orders below 👍.

코멘트:

Is printing a lower time frame Wyckoff "Creek;" shallow descending channel.

This is most likely building cause for the next wave up.

Other coins also doing something similar.

Its looking good for an altcoin push here.

Happy Easter 🐰