If you're new in the game, check out my previous analysis Altcoin session is comming, SC /USDT roadmap, BTC fractal , HOT/USDT and LTC/USD
This chart is a combination of 2 Fib channel, and Fib retracement. Confluence areas of the fibs are key price zones to watch... and act as targets !!
I will post updates as price action progresses
Remember that things can change too .
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Can you explain a little bit more your analysis please?
TR7z
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@ZeonArg, After a massive rally we formed a double top, which did not reach its goal but has probably finished. After the bounce we formed a ugly iv H&S at the moment we are kissing the neckline
The 2 Fib channels, one upwards, one downwards in combination with Fib retracement result in my roadmap., All Fibs act as support and resistance, I have to pay particular attention to confluence areas and 0.618 ... my English is not so good for that reason, I can't go into full details IMO, but if you have any questions, write it down
ZeonArg
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@TR7z, Hablas español? Entiendo obviamente que ésto no es una recomendación de compra o venta, pero de tu análisis (que por cierto está muy bueno), vos irías en short o long? Es raro como se está comportando ahora el mercado DOGE, están todos a la expectativa de qué va a pasar en Twitter!
TR7z
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@ZeonArg, Nein, ich spreche deutsch. I would go long if BTC finish his correction. Are you IMO on the sidelines?
ZeonArg
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@TR7z, I thought you were spanish speaker XD. Yes, I think the same. Doge is attach to BTC as all altcoins...but these last days Doge had a really stuck price even when BTC went up in price. I just left the day trading of Doge, I will hold and see what happens.