OK so it's been a big drop but look at the Boll bands dialing in and the cloud pulling out of a dive and leveling out and LOOK at all the volume is green. Ok if I run the fibs on this to measure the power of this tide it is gonna be huge we should see consolidation from here and then energy will build up for a nice size wave up after that. Of course after a big...
This is probably the most important value
one should consider in this position...
The nature of algorithmic trading makes
this level very important for a
wave model analysis.
See the charts below...
I checked all latest retraces,
the most common values is 0.5-0.618.
We are almost touching 0.618 of the shortest
fibo grid, and already passed the 0.318 and 0.5
values of two other possible perspectives' grids.
Confirming that the possible bottom is,
possibly, closing right now)
Buy this dip) While you still can!
This is more art right now than real science.
But I've got a very good feeling about these fractal
relations in somewhat golden proportions.
They tend to work most of the times.
TP levels see on the above chart.
I Feel if there is Santa Claus it will bounce this price right now...
Beutifull bullish pattern is closing and either we will finally see
the confirmation pump of the year or play one more dead cat 'till Jan 2020...
1. feel like a buyer around this correction dance.
2. And RSI on 30m is finally oversold and rocketing up. Bulls may give
at least one good fight...
BTC really needs to close above the 50 day MA (Moving Average). Historically it has used this average as support.
I dont see a lot of Bear Volume coming in which is a positive sign BUT if we close below the 50 day we may see the bear's take over and the next MAJOR milestone is around the 10100 range 100 day moving average and a MAJOR physiological support
We...
