In the bigger picture, we are still heading up, we may see a week or two or more of corrective price action, as we have reacted off the 0.382 fib-speed fan as well as the 0.382 fib (nice confluence there), however, ultimately, I do think there's a good probability we rise this year into the 0.618 speed fan / 0.618 fib confluence. This also coincides with a bearish...
Backfilled CME gap today. If we hold this level, and get back above ~29k, I could potentially see this elliot wave sequence form (roughly). Take out previous yearly open (46k) potentially running the macro 0.618 at around 48k, then a correction down to fill the lower CME gap / inefficiency around 20-21k. Would also form a H&S pattern
Liking the price action on this coin. Interesting project too, hopefully they can execute. Seeing a lot of accumulation at these levels. This is a good buy-and-hold , but also a good trade. Goal is to enter now, take half off at the next fib level, and ride the rest, mostly for free, taking more profit if it reaches the nextlevel of around 56-57c,. I think this...
I usually don't do TA on such new coins, but I'll post an idea. Bullish divergence on 1hr, potential 31% move to $1.55
Thinking echo bubble top plays out similar to previous cycle.. No guarantees of course.. My upside target is 45-48k my may/july this year.. As you can see, fib speed fan 0.75, 0.618 horizontal fib, and 0.75 time based fib all intersect and mark the local top. The 0.5 is positioned where the bottom formed. The exact amount of time that it took from the 2017...
Potential Inverse Head and Shoulders forming, Measured move would see 8.50 hit.
Just another post reiterating the potential repeating cyclicality, and a run up to the area of confluence, the 78.6 fib + 0.75 speed fan. This would put Bitcoin @ 48-50k by May-June, followed by a 30-50% dip.
Looks ready to run back to ~14.80, possibly higher depending on the push we see in BTC. I'd be cautious at 14.80, and extremely cautious at $21.20.. Shorter term.. I don't think this stock rallies to new highs until 2025.
Everything is correlated until it isn't. Bitcoin will likely consolidate until October and make a move sooner than everyone is expecting. 9/10 twitter "traders" are all bearish.
Monthly close was a bullish engulfing candle. I can see a scenario that plays out similar to the fractal on the chart. Obviously, won't be exactly the same, but this is what I am expecting to play out. NFA, I could be miserably wrong.
Long from the 0.618 level. Good chance this falling wedge plays out, and rebounds for a push higher next month.
This is what I'm expecting to play out. Short has just begun.. Target 6.72 Patience..
Just another trade idea, I think this has a very good chance of playing out.
Which fractal will play out? The blue is from the previous cycle, and the red is from the one before that, all post 3D death cross. I lean towards the blue fractal.. but not ruling out a re-test of the lows (17, 585)
Well well, what a crazy ~10 days it has been. There were many many warnings before the rug pull that FTX ended up being (Marc Cohodes, was ringing the alarm bells for months on end and I was naïve enough to think he may have been wrong). Anyway, my previous assumptions of the bottom being in were invalidated. In hindsight, this outcome, which I had considered...
Do I really need to go into detail here? Obviously, we go up from here. Pack your bags, for thou Jesus will descend upon us and pump our bags for thou shall not pump without packed bags
Fractal is just a guide, an idea, of similar price action potentially.
In this analysis, we will delve into the significance of confluence in technical analysis, the implications of shareholder dilution, the role of Bitcoin mining, and the importance of the technical indicators used in our assessment of Riot Platforms, Inc (RIOT). Confluence in Technical Analysis Confluence is a crucial aspect of technical analysis, as it allows...