PacMan1337

PacMan1337

So from looking at the MATIC / BTC charts we have already done a 50% recovery from the bottom but I think we may see 1 more leg up to the 61.8% fib level before another pullback occurs. This is not a guaranteed leg up so I am watching closely to see where we go but it can turn downward very quickly considering the bearish flag forming in bitcoins hourly charts. ...

PacMan1337

So from what I can see on my laptop which has a small screen because I am at work while looking at these charts I do see a bull flag forming in the 6HR time frame. So I have personally bought back in at $1.56 & I will be waiting to see what is gonna happen over the NEXT 24 - 48 hours. #markcubanforthewin! This is not financial advice this is only my personal...

PacMan1337

So these are the 2 possible scenarios I see taking place. If you bought in at the first support and are worried don't be its probably gonna graze the 50% fib support and should bounce off of it. I have drawn 2 different pathway's for you to look at to get the gist of what I believe we should see over the next 24 - 48 hours. This is not Financial Advice only...

PacMan1337 Updated 

So I know a lot of you have trouble knowing when you should reenter the trade or even enter the trade so I made this up to give u a idea of where u need to be entering into the trade if you sold at the 78.6% lvl and then are now waiting for it to settle. I would say it is going to just barely touch the 61.8% support and bounce off of it and start heading back up...

PacMan1337 Updated 

Okay lol, So it looks like my first analysis was correct and we are indeed either going to touch the first fib lvl or we may dip a little below it then kinda go up and down until we see a break out to either the upside or the downside (only see this scenario if bad news hits). So yeah, just HDLE if you bought in if you're waiting to reenter or even enter wait for...

PacMan1337

So from my previous post I said it would most likely pull back some once we hit this level. But from what I see on the hourly chart we might have enough upward pressure to take us up to old (ATH) and maybe set new (ATH) before another 30 - 40% pull back occurs. I only think this because of how we are consolidating right now. Usually when consolidation is going on...

PacMan1337

Watching closely on the hourly for a breakout to the upside possibly. I left a guide in the RSI area of the chart for you all to look at. This is not Financial advice, This is only my opinion using trading strategies & tools that I have learned over the years of being a Day Trader. If you liked my idea, Drop a like / follow I appreciate all the support! ...

PacMan1337

I do believe we are headed for a 50 - 60% recovery then we should see a small pull back and then I believe we will start to form a fall wedge then a breakout towards the recent (ATH) and pretty much into a new uptrend and back into the bullrun. This is not financial advice only my opinion using strategies and tools that I know in order to produce a analysis of...

PacMan1337

So from what I am looking at on the 1hour time frame and the 15 minute time frame is that we have seen the bottom twice which is at around $1.05 and it bounced off that level twice now. I do strongly believe we double bottomed and bounced off the strong $1.05 support level and are now beginning to start to form a new Uptrend and head back up to rechallenge our...

PacMan1337

So for now from what I see on the daily & the hourly chart is that the current trend has ended. They have sold pass the 61.8% support and this can indicate that there has been too much selling and the current trend is over. However I do not think this is the end for MATIC I just think we may see either a new trend form or some sideways trading for awhile it's too...

PacMan1337

So yeah there is a reverse head & shoulders pattern forming n the hourly fairly nice looking at this time it is 8:59 AM EST I would say by tomorrow we should be on the upper side of things. I could be wrong so please DYOR & If you want to be safe just wait for confirmation that you're comfortable with. This is not financial advice this is my own opinion using...

PacMan1337

I believe the breakout is still coming it's just gonna do a bit of up and down until were sideways and then BAM you know the drill ya'll.

PacMan1337

So from looking at the 15min chart $ADA is looking at a breakout to the upside most likely soon. So if you are waiting to buy I think now would be a great time but I understand if you are waiting for a confirmation but from the dump on the last 2 days of hell and from previous chart pattern history I would like to safely say I think a breakout to the upside is...

PacMan1337

So from my charts in the 15min & hourly time frames I do see a breakout to the upside possibly coming sooner then later. If you are thinking of investing into $MATIC then I would say now is a good time to buy before the breakout. But if you want to be on the safe side of things just wait for confirmation but in my own honest opinion I do believe after the last 2...

PacMan1337

Reverse head & shoulders pattern looking very good for ADA atm. HDLE strong because we may be heading back up to re challenge the recent ( ATH ) !

PacMan1337 Updated 

So it looks like we did fall under the support which has now flip to resistance. I am taking a short position and then I will be taking a long position once we figure out which way we are headed but for now there isn't another support until 1.05 so enter at you're own risk but I am going to sit it out until we have a confirmation that we are indeed heading back up...

PacMan1337

So from what I can see on the 15min time frame we are indeed going to go up for a bit I think we may reach the 78.6% resistance line before another short pull back occurs but anything can happen with all of the instability going on with Bitcoin and all of the scarcitty in the markets right now in general. Proceed w/ Caution and take profits accordingly because you...

PacMan1337

So I believe ADA should stop soon and reverse and head back down so take profits soon were the red cash symbol is then buy back @ green cash symbol.