CRV Long Deviation Setup on the Monthly Time Frame

2024年11月30日

Logarithmic chart.

Looks like a clean Deviation Long setup.

I've never seen a Deviation on the 1M before but this sure looks like it.

Long deviations on BTC always provided mega pumps, don't know with altcoins + this TF but yeah: willing to take the risk.


One of the best altcoin charts I've ever seen. Will sell BTC spot for this.

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Direct CC below level I think is clean but I believe it doesn't have to happen per se. Retest is clean (SFP wick) and no LL after retest.
Seeing how far price pushed above the level, closing into the structure, makes price less likely to get back to the level so there likely won't be chop on the level (price closing above and immediately closing below and vice versa).

All this makes it the perfect deviation as in this way price respects the level perfectly (which I've seen before with BTC: Nov-Dec 2022 Deviation on 1W/1M, March 2023 Deviation on 4H and Jan 2024 Deviation on 4H).

2024年12月6日

ノート

BTC Nov-Dec 22 Deviation on the 1W*

Valid deviations I know of from BTC have to this day always looked like this:


- The level it deviates has to stand out (lowest low from a long time ago or first low after inefficient up-move);

- Price comes down into the level without making outstanding LH's (a little bit like steps of a staircase);

- Immediate close on the right TF (examples I have are on 4H and 1W. Now maybe a 1M deviation with CRV but the coming months will tell if it's a valid deviation or not). TF will depend on how long ago the level was created. I don't think an immediate close below the level is necessary, though it has been the case with all the examples I have;

- Price spending some time below the level, then retesting the level without closing above it;

- And finally: after price retests the level it doesn't make a new LL but instead after a while it pumps and closes above the level without ever retesting it. Again: closing back above on the right TF. In all the examples I have it also closes immediately above the highest, outstanding, wick. I recon this will always be the case as price pumps above it (pump as in: a big vertical move in a short time), though I don't know if not immediately closing above the wick is a problem or not (if it then wouldn't be a valid deviation setup).


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I call this the Long Deviation Setup and I wrote this 'theory' after analysing the following examples:


- BTC 1W time frame deviation using June 13 2022 weekly candle as level;
- BTC 4H TF devation using January 18 21:00 UTC+1 2023 4H candle as level;
- BTC 4H TF deviation using December 11 17:00 UTC+1 2024 4H candle as level;
- And now maybe the CRV 1M TF deviation using October 2020 candle as level.


This kind of setup isn't that easy to recognise on the 4H as the level isn't always that clear. The best hint for a possible deviation is the way it comes down to the level and the outstanding wick in the middle of the deviation structure. The right way of approaching this setup on the 4H might be to just wait for the candle close above that outstanding wick which would then mean that it also closed above the right level at the same time.


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I hope you as the reader can learn from what I've written. I advise you to check the examples out yourself so you can recognise these setups in the future.