ALL ALTCOINS pulled down by $BTC On a perfect FIB Correction 0.382 level.
The chart (4 days) tells us:
1) That the price action will be consolidating by correcting horizontally in a few month's time before our targeted EXIT.
GOOD NEWS
2) Will coil up after bouncing off twice to our support key levels bottom of the Small and Large Boxes, and then rally back up. ( ABC Pattern.) GOOD NEWS
3) Will retrace further down to 0.618-0.786. Watch out for Whales/ Manipulators/Smart-Money Moves. If it does break through the 0.386 FIB LEVEL.
and reverses with ice retests at 0.618 level a possible AB=CD pattern formation. BAD if you did not close positions for your gains.
GOOD AND BAD
4) Head and shoulder Pattern, right shoulder lower. This meaning Height of the head from the base will be the height for it to go down, hitting the 0.786 before it reverses back up.
The right shoulder base must therefore go lower than the left shoulder base to confirm a none continuation pattern to go lower.
This will be a second chance to buy low and be a millionaire.
$9000-$20000 Price Range for a MAximized exit at $90,000.00.
+-650% GAIN.
Failure to close a position will be of great LOSS.
GOOD AND BAD
SO Trade what you see and not what you think.
FUNDAMENTAL ANALYSIS WILL KILL YOU, BUT TECHNICAL ANALYSIS AND UNDERSTANDING THE DYNAMICS OF THE MARKET IS AND WILL ALWAYS BE AN UNFAIR ADVANTAGE.
The chart (4 days) tells us:
1) That the price action will be consolidating by correcting horizontally in a few month's time before our targeted EXIT.
GOOD NEWS
2) Will coil up after bouncing off twice to our support key levels bottom of the Small and Large Boxes, and then rally back up. ( ABC Pattern.) GOOD NEWS
3) Will retrace further down to 0.618-0.786. Watch out for Whales/ Manipulators/Smart-Money Moves. If it does break through the 0.386 FIB LEVEL.
and reverses with ice retests at 0.618 level a possible AB=CD pattern formation. BAD if you did not close positions for your gains.
GOOD AND BAD
4) Head and shoulder Pattern, right shoulder lower. This meaning Height of the head from the base will be the height for it to go down, hitting the 0.786 before it reverses back up.
The right shoulder base must therefore go lower than the left shoulder base to confirm a none continuation pattern to go lower.
This will be a second chance to buy low and be a millionaire.
$9000-$20000 Price Range for a MAximized exit at $90,000.00.
+-650% GAIN.
Failure to close a position will be of great LOSS.
GOOD AND BAD
SO Trade what you see and not what you think.
FUNDAMENTAL ANALYSIS WILL KILL YOU, BUT TECHNICAL ANALYSIS AND UNDERSTANDING THE DYNAMICS OF THE MARKET IS AND WILL ALWAYS BE AN UNFAIR ADVANTAGE.
Trade active:
$BTC has reached bottom target of head and shoulder. This will rise back to resistance level and may be a bull trap depending on fear and greed. If it does, it will retest latest key support level . And if it bounces, we are on are way up.
It can still continue correction down to $14k to $20k and even below depending on upcoming current news.
$BTC has reached bottom target of head and shoulder. This will rise back to resistance level and may be a bull trap depending on fear and greed. If it does, it will retest latest key support level . And if it bounces, we are on are way up.
It can still continue correction down to $14k to $20k and even below depending on upcoming current news.
Comment:
another scenario
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