I'm finding more short term chaos. Added another Fib. circle set. I don't know what to make of this short term (maybe a bit more bearish short term).
Just respect/fear the red line marking a ring, breaking the line would most probably result in a downward movement because of the bearish fractal attraction point. It will be broken in a week or so - so heads up for that!
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More confirmation of the Fib. circle set.
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From what I can see it shouldn't go higher. Because it's at the top of the Fib. circle set simply.
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In my opinion this is delusional buying. I can't understand why this is happening. Sure it could be some perspective that OccultMagnetism analysis simply is blind for. So either my analysis is not working in this case - or it's delusional humans one again making a big ugly mess of the market, you choose.
@ctealdi, Nothing right now... I wouldn't want to own it though. At best (with luck) it moves to $820. Most probably it will just moves sideways between $550, $650. At worst it falls to $460 level. This is valid for 8 days ahead, then a new ring of the giant Fibonacci comes into the picture - volatility is then very probable. By the way this method I'm using I made up myself so don't rely on it, it's highly experimental - and I'm also a rookie. So use other analysis also to base your trades.
astrologychick
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@LogicalDeduction, It's very weird. I have no idea why you put your target centers where you do. Or why the pink balls go where you have them. But it looks cool, lol.
ctealdi
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@LogicalDeduction, I didn't fully get it, but thanks!
UncannyDeduction
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@ctealdi, @astrologychick Just fear or at least have respect of the ring that is marked with a fat red line. Some serious movement could occur there...
astrologychick
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@LogicalDeduction, ok, we'll see. I believe in this coin and it seems that China agrees - and that's a lot of bulls to ignore.
fortunekr
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I think you are right. This pump is total maddess. However, this turd can go much much higher. Don't underestimate the power of the enemies of bitcoin. Jihan, roger and friends are not done yet. Basically, TA doesn't mean shit when you have this kind of manipulation. Reminds me of the gold and silver 'markets.' What a joke.