Don't trust this rekt coin.
Even in the latest constrained bullish
surroundings (all-known btcusd pump for that January),
it shows such a bearish picture. I believe this coin is
gonna dump ONE MORE TIME, and deep.
Probably down figures again. It must correct -
the waves are sooOOOo bearish that the Papa Bear himself
couldn't draw better,
even if he'd been the...
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!
Looking bullish,
the price above 7667 is ok
in terms of rally continuation.
If we fall below this value,
keep your heads up -
means the bulls lost.
But for now the defenses are
giving a helluva fight
and the bulls are getting only stronger
as the price goes down)))
Time is to hodl, gentlemen!
I have lost the description, and...
one who studied the theory doesn't require
the explanation!
So I'll be very short.
The accumulated above 6.5k in the last few weeks
massive group of initial waves(1-2-1-2-3, 1-2-3-1-2- or smth like that)
seems to be planning a MASSIVE invasion over the 9k+ region.
I mapped out (with all the cautiousness one ever may...
Just a good idea( with the help of Sampdm8 , respect! ).
Will track it for a while for fun.
This is a Descending bullish Triangle.
In bullish markets,
while being formed as a correction(always)
relative to the global bullish trend,
signals about the PARENT trend continuation,
i.e. the previous movement continues...
not vice versa!
