BIG PICTURE LOOKING KINDA PROMISING TO ME
WAS LTC'S RECENT UPTREND AT THE .705 GOLDEN RATIO THE REVERSAL AND $100 HERE WE COME... OR WILL WE HAVE TO WAIT FOR A BOUNCE OFF THE .786 FIB AND THE LOWER GANN TIME LINE AT $50 TO GO LONG? HAVE YOUR SAY IN THE COMMENTS BELOW!
NO DON'T THINK SO, LOOKING GOOD ACTUALLY.
Gann says time is up for big move either way, Currently holding crucial support of timing lines on both my long term and medium term origin durations. Failure to hold here will see price head towards the high 7000's or the upside break will see BTC break previous trend high created several months ago. My bias is towards the upside due to 1. The strong time line...
Apologies for the Log scale, hate them personally. Remarkable really how prior highs have been greatly respected here with LInk. In addition, we have the same Fib extensions (3.33) used to give us the next major price high in the two last occasions, which is most unusual. Now could be a good time to get LONG in LINK!
INTERESTING TIME FOR XRP. POINTS OF INTEREST 1. STRONG RED TIME LINE CURRENT AND LONG TIME RESISTANCE 2. STRONG RED .5 FIB RESISTANCE WITH NEXT UPPER GANN TIME LINE RESISTANCE (POSSIBLE TAKE PROFIT AREA) 3. STRONG CURRENT SUPPORT AREA HOLDING HAVING HAD A NICE ACCUMULATION PERIOD, HOWEVER IF THIS BREAKOUT FAILS NEXT HISTORICAL SUPPORT 16 CENTS.
SO FAR SO GOOD, BUT THERE ARE POSSIBLE ROADBLOCKS AHEAD.
Firstly you will notice just how price is respecting Gann trend or time lines from the Cycle Bottom in this move up thus far. Should price not hold support l expect a move down to the 1st purple box of support. If that fails to the second purple box. Higher probability l give to the nearest box of 6650-6450 region becoming Support. This is a retracement of...
Will history repeat off the weekly trend line? What target level would l be looking at if so?
Likely future moves for BTC: 1.We are moving up to previous candle/trend high at 4400, with resulting first touch rejection. This is also confluent with the 20 WEEK MA currently at 4467 and moving lower, (aqua blue) acting as resistance. 2.We are moving down with our capitulation move, down to 2500 area to kiss our 300 WEEK MA (dark blue) which will provide...