This was my original target of 54K which I believe we are on track for, except that my target dates are off slightly due to the 35-36 day retracement cycle. Beginning of a new cycle and new rally to begin very soon.
I've adjusted my target dates from Feb 20th to Mar 1st (10 days), although the target could be pushed out another 10-20 days due to this extended consolidation period.
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So we're right at $8800 as this chart predicted..
However, it's too early to tell if we are bouncing now or flagging. To me, on the 15m chart it looks like we are flagging, which could drop us to $7900 overnight. It really depends what volume does over the next 12-24 hours. We are experiencing high sell volume, so it could continue downward, but I highly doubt it will drop below $7500 for more than a moment.
Here is the current 1h chart.
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Bearish flag confirmed.. $7950 incoming..
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Possible double bottom with a bounce here at $8600
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After that double bounce broke, we fell further from that bearish flag.
We are now showing an inverse Head & Shoulder formation incoming (yet to be confirmed), which will mark the trend reversal or the real bottom. If this confirms, it should confirm in the next 12 hours or so. Let's hope for the best and start making some new gains.
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Closer look at the Inverse H&S formation.
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Throwback incoming! Trend reversal after the inverse H&S.
Moving well! Bounce Completed! Moon Incoming! I just bought 50% more crypto, specifically LTC and will be trading with that, but likely moving into a few long term holds.
None of his target done!.. He changes his targets every shared...Do not believe or do something. See each shared before and see what i say..........
Tin.Foil
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@Ramozotti5069, Correct, I change my targets based on performance of the charts. In this chart I projected a flag was incoming.. I didn't come out and explain it in detail because I get haters like you who bitch and moan all the time if I'm not perfect. So I just threw out a general chart with no major time target (notice the subject line did not include a target date? Cuz I'm getting tired of explaining basic TA to people who don't want to learn and prefer to complain).
Arvin_Darred
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@Ramozotti5069, LOL. i love this...
dubowski
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Dates align with the Chinese Lunar New Year in Feb
Matciop
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Tin, Will it go down again? Thanks
gslamson
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B.e.a.utiful! Tin For The Win.
UnknownUnicorn995432
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Nope.
Head and shoulder was completed. Yes. But max we are looking at is 10k-10.5k for now.
then we have 5-6k test coming next week. may be lower.
Boss_Coyote
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LTC will close in on the 4:1 ratio before end of year .. smart purchase will be 5:1 before year end