Harmonic patterns, Fibonacci, (market makers) and of course bitcoin price action, allows for a beautiful pump and dump to come together.
I find it humorous how coins pump out of nowhere, a day or two after they have reached a extended Fibonacci expansion (1.618/ 1.272/ 1.09935 / 2.618 ect..) Then comes the concurrent dump
* a significant move by bitcoin upper down negates and invalidates this chart
* this chart should not be traded around in any manner, only used as a reference if price action follows the general idea of the chart
Good luck everybody
I find it humorous how coins pump out of nowhere, a day or two after they have reached a extended Fibonacci expansion (1.618/ 1.272/ 1.09935 / 2.618 ect..) Then comes the concurrent dump
* a significant move by bitcoin upper down negates and invalidates this chart
* this chart should not be traded around in any manner, only used as a reference if price action follows the general idea of the chart
Good luck everybody
Comment:
This could go as high as a wick to $18.25 -$18.5 before it dumps fully - Algos are tricky
Comment:
Unnaturally its price is going up, while BTC and the rest of the market(for the most part) is going down..