December: Crypto carnage fell right into 2015 support trend line

Included link to a CCI30 chart analysis. As you can see, we just a very nice ABC pattern and touching 2015 support trend line. Don;t be surprise we will have rallies up now. We might have some ABC patterns now, but overall the price will be less volatile and will eventually will get out of the channel, that is when everyone will pile in, and we will repeat the 2014 pattern. So 1 more huge rally, then another final huge sell off, and then reload into A LONG bull rally.

IF no bounce on support line, then hang in there brothers, crypto is draining down not in a toilet wormhole, we are heading straight into the sewage of crap, the likes the world have never seen.
https://imgur.com/gallery/MRfpgYl

After a November carnage thanks to the civil war in the BCH community, and 6k price no longer profitable in China, and exposure of fraud and weakness in the crypto. Market plunged crypto into the toilet wormhole. Oh, and not to mention the scam of ICO, thank you dApps, we hate you too.

However, as we see from short term daily chart, this index price is actual is right on target from a GIANT descending triangle. And hitting the perfect fibonacci price points. What does this mean, well, these price levels right now for ALTS means that it is all time for buying spree for smart investors.

No, not you, but the ones that have not been in the game of crypto yet. Smart and mature investors, who are starting to see how certain valuable assets are oversold and present a potential short term substantial gains. Yes, i am looking at your Goldman Sux and not to mention our favorite crypto funds that lost a lot into this year.

Why? Well, because they will be spinning and singing out of their arses - How these assets are so cheap and have crazy potential returns that no sane man can ever refuse. that is why. And you will buy at the top again, and they will sell right back to you. SO do you own homework always or follow good ppl at travingview.

As a reminder, It does not mean that BTC can't get any lower, it sure as hell might, but BTC is now nowhere, where it used to be in regards to crypto community where it was a year ago. I am still waiting on that Lightning protocol. So we may actually see a solid divergence in value where for the first time BTC will continue to decline while other assets will be gaining significantly against BTC. Simple price projection for BTC that is very reasonable.

Ripple is clearly eating away at BTC investments and the BTC holders are finally dropping their pants and selling while they still can, because they are worried, because if they didn't sell at 6k they might as well sell now, while it is still at 4k, before it is 1k, because HODL is not a strategy, it is ignorance.

Shorts also have been leveraged at 6k and finally got their drop, and will be holding until bull volatility returns, before they start covering and creating squeezes on shorts that are too late to the game.

Oh, and not mention dApps have not matured enough and have dragged down the entire community with BTC even at a higher pace. ETH is now sitting at a LAME $114. Now matter how you think it, but just 10 month ago we were at 1.4k OUCH! Now, is obviously a good buy, but damn.

Let's return to existing chart:

We have a lot of crypto events coming up, so now is definitely the time to accumulate, but not a LONG hold for your max stack, wait till we are out of the the descending channel, for confirmation, and then pile in as much as you want. Cause the rally will happen fast and unexpected, just think recent ripple event with 300% gain in 3 days.

Still, another option after a first recovery wait for the next drop to know where the real bottom is and start accumulating then. Because once the bull event occurs, you will not see these prices again EVER for a very long time.

Lets see what DEC brings, but it surely can;t be worse than November, right?

Good luck everyone ;)

**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support

~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/

If you want your coin to be analysed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!

Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!

Thank you,
Ajion

Comment:

Dec 13 and Dec 17 are Crypto fractal events. I wonder what they are.

I am thinking it be something for the future, 2019 Q1, that will pause the decline into range.

Exciting, Maybe it is going to be announcement like Coinbase XRP addition and Robinhood approved in NY!

If it be a double positive event, perhaps we can get and double bottom.

Watch for those days, and lets if fractal event happens.

Comment:

DEC 13, is dud, but could be an indicator that bottom was triggered for the month, we have another one comming up at Dec 17, lets see what happens then, Perhaps a spike to 3.7k?

Comment:

ROFL, look at that BEAUTIFUL fractal date DEC 17, you guys, just make magic happen :)

Comment:

Next STOP is Jan 06, 2019... a resistance point or a full blown rally.. hm,,, lets see