Possible pullback, fractal cycle

DOT / TetherUSBinance

Description

⋅ Jan 9, 2021 5:35 AM

Will history repeat itself here?

retracement during the summer pulled back to fib 0.618 from ~6.40 to 3.75

if this pattern repeats, there's a possible pullback to 6.31 support from the previous high range of the band identified in my OCT chart for DOT.

I am long DOT adding to this position if this pullback occurs.

Comment

⋅ Jan 10, 2021 10:11 PM

target for this pullback ~7.7, bullish longer term target of ~17

Comment

⋅ Jan 11, 2021 3:24 AM

~7.7 target reached.

Comment

⋅ Jan 16, 2021 5:09 PM

1.618 fib target reached.

Comments

Hexxi

⋅ Jan 13, 2021 8:31 PM

is this correction over?
Having almost touched 0.5 fib @ 7.10 on the first chart we've made an entry @ 7.7 on the second chart we're back above 10 for now.
Will this keep trending up? DOT is showing signs of strength that may invalidate the original 6.30 target.

Looking out for any bands that form before the next leg.

marktard

⋅ Jan 11, 2021 8:32 PM

Nice work. Only chart I’m finding with what I see as a pullback to 6.20$ all others seem to forgot we were in an monster extend 5th with btc... they all though it was really going right to 140 🤣

Hexxi

⋅ Jan 12, 2021 4:16 AM

@marktard lol, I image we've all been there with only long calls.