The bigger picture here looks like the whole movement could be a flat combined with a double bottom. If this plays out, there is potential for new all time highs but it is way too early to tell if this is possible. The timing lines up with fib time zones quite well and also close to the bitcoin halving. The boxes in blue looks like fractals, though I suspect with...
Short term there seems to be some upside before continuing down. Nothing ever goes straight up or down. Is it worth trading?
The key was the 61.8% fib, which is clearly broken. I suspect we could make new ATH's from here.
It sure is getting closer to the .0618 fib/.029 from ATH to the recent lows of .0152 area. Otherwise, the top is possibly .0285. Regardless, we sure are getting close.
I still suspect this is a retracement and we will not be making any all time highs.
Looks like the recent 5-wave is complete. From here, this can resume the longer downtrend, or one more wave up to 0.026. While another wave up is possible, the general "feel" is that the downtrend is resuming and the top is in place. All the good news are out, everyone who wanted to buy has already bought. Regardless, will re-evaluate at .0185 area. A clear...
Looking back, I was quite confident at the time with this: Throw enough shit and some of it will stick
The 61.8% blew through, might see the 23.60% (~.0224) be resistance here. This pattern is still likely to play out.
Whenever the price action isn't completely clear, I find it typically a complex B-wave in hindsight. Thanks to DanV for his idea, I believe this is now correct.
Hello all. The market seems stronger than expected, it seems we are quite likely to test .026 either now, or after a dip below .02. My gut instinct, if such is allowed in TA, tells me we will have a visit to .026 now. The general feel is strong. I am on the sidelines for now as I don't have time to constantly watch the markets. I will look for an opportunity...
This will be the final update for a while. I will be having my wedding, graduation and travelling for half a year+. I will be too busy to trade. For people who do not really understand what's going on, this is the short version : Correction at (X), downtrend resumes (A), trap (B), real move to .01 (There's a limit to my description? See comment for the longer...
Expecting a drop to support around here before continuing up. There appears to he a 2h and 4h bull div but I am quite new to it.
Whatever pattern this turns out to be, its a long here