miaomiao18

MaticBTC - hype fib - by market maker

miaomiao18 Updated   
BINANCE:MATICBTC   MATIC Network / Bitcoin
This is telling us the important of setting SL.

The market will always tell us what's the right thing to do.
You get rekt or you learn.
Eventually, you always learn what's the right thing.
To do or not to do is your choice.

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TA:
HYPE FIB
This is typical hype fib, for 1st bull and 2nd bull again.
if you did not learn before(from my hype fib post of last year), let's learn again:
1. coin got listed on exchange, up then fall, having bounce up short/consolidation - forming hype fib 0.236
2. the small cup would be forming around 0.382/0.5/0.618, retrace to around fib 0.382/0.236
3. price hype to 1/1.272 normally(or 1.414/1.618) then retrace down to around 0.78
4. breakout and hype fib targeting 2.618, if excess fib 2.618, further target 4.2
5. when falling, it normally having bounce up around fib 2/1.618
6. falling target normlly around fib 0.236/0.382 or below fib 0

Trading Strategy :
Trend by MA + trend define(higher high/higher low or lower high/lower low)
trade at breakout

want detail look of it? Check the idea below:

what's now?
The market maker, the same market maker.
Find their foot print:
Bear round 1:
previous bear falling to bottom at RSI30 then bounce up to RSI50. then real bottom at RSI30.

Bear this time:
This time similar? goes to RSI30 then bounce up then real bottom to RSI30. it would match hype fib bear fall too(check the wick candle already set the future fall to be hype 0.382, coz it already wick there. it's telling you)
- "MaticBTC is up and down so sharp...If the market is only up/down... that would be so cool"
- "no, the market is gonna up and down, up and down. trying to slap you both sides/face."

Excuse me, why MaticBTC is shooting up and fall so fast?
or "Why they make MaticBTC shoot up and fall so fast?!"
Because,
1. up and down fast,
to trap mind at people who did not enter when before shooting up. - this way, they get money
to trap people's money of who entered top or did not sell at top. - this way, they get low price to set in(enter at low price for future round up)

2. to tell you - alts market is coming. they don't wanna miss a round up.
so, before another round up, they created a fast more than 2x profit to get your money and get your positions.
and, prepare for another round up/alts bull later

Don't forget:
As to this round up, it reached 1st bull round top. it formed cup/double top.

let's stay rational, and do the right thing - wait for market signal.
when the trend is reversal, it will tell you, as they always do!


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Comment:
 
Comment:
Comment:
more look of hype fib 2.618 bull and bear movement to respect key fib levels:
Comment:
where does it wanna go for crazy pull back now?
Comment:
can consider buy if maticbtc breakout from 233 sats. target hype fib 2.618:
Trade closed: target reached:
finished correction. way up from here.

need another chart.
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