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RE: MANA Fractal Analysis

in #mana7 years ago

I like MANA decentraland, it is a great project.
Does it make sense to compare a fractal of wave 4 bullish market, with a final post wave 5 correction - in a bearish market ?
I feel the corrections after a wave 5 up are much more vigorous in their testing of the lower low levels, as the global trend is bearish.
So the fractal similarity might not work here ?

Since the market loose its steem power slowly during this falling wedge correction, the tensions and centers of energy are huge, with points of attraction towards the bottom. That's what I tried to illustrate in my chart below. The 36 possibilities of global trends, as stated by @haejin if you go through all the posts all the last month or so...

So is it worth trading all of those lower lows ?
Probably not at my level of knowledge. I should have realized that before, of course.
Can we achieve good laddering techniques and entry points, adding some cash for the lower lows?
Very touchy and risky exercise, I would say the level of entries at this moment should be less than 30%, ready to get out at any moment.

Until we are sure the lower low is in, and it is probably going to stay there for enough time to react properly, no rush to enter the market with a small probability of small gains, and a high probability of big losses. That's my call for now, after rushing on buying unnecessary dips called here and there.

Would be great to hear your point of view @haejin about this global laddering and points of entries in % of global portfolio, taking into account that there is less and less room for mistakes ? Thank you.

Anyway every analysis is a new learning opportunity, and I'm looking forward to learn more.

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