I'm a rookie. Whatever you do don't take my advice. The linked idea is redundant.
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Zoomed in:
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About to exit an outmost Fib. ring. Let's see what happens.
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Down we go.
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Found a new bullish attraction point and a bullish circle set. I still think we should get a crash coming very soon any moment, before the bullish outbreak. I will reveal the Bullish Fibonacci after the crash (if it happens), right now only the center is visible.
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I see chaos in the chart. There could be some seious market disagreement about its valuation. Alternatively my analysis method isn't working and I did something wrong.
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The setup isn't that attractive. Every ring has some friction to it and there's alot of rings in the neighborhood. High risk low reward, in my biased opinion.
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Managed to simplify and refine the chart so that there is less chaos. Closing this idea down because it's loosing its original theme. I'll create a new idea when (or if) I believe it's time to buy. Right now I'm neutral about Metaverse (ETP).
@Viktor1205, I don't recommend anything. But I see a big possibility for a bounce at $7800.
Viktor1205
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@LogicalDeduction, sorry, I meant price etp/btc
UncannyDeduction
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@Viktor1205, I think if you draw this trend channel and you can buy at a key level. I like keeping the ratio charts very simple...
UncannyDeduction
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@LogicalDeduction, Probably at that middle line.
asdfghghj
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Another stellar prediction. I laughed when you first published this. The who was the funny one: me. That night I was holding ETP and kept it fortunately. But my heart punped quite a bit
Today ETP went quite bearish. what do you think about it, can it go to 17 dollars ?
UncannyDeduction
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@asdfghghj, It broke out of the Fibonacci circle set a while ago. It should now act as a support.
vorapoap
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At first I found this TA funny, but it is now one of the most reputable one for the last Flash Crash.
I wish that more documentation on your TA will be nice to anyone.