Time for DOGE to go down probably.
I like how the .618 pocket lines up with support.
There is a trendline down there, too.
I'd buy in the circled area that ranges from about 20-24 cents if you can.
So far so good on GRT for this recovery rally!
We have hit the first targets of 75 and 85 cents. I will attach the previous idea to this one. This is a continuation with market conditions.
If BTC retraces down to 41-42k and the BTC side of GRT follows, we might get another shot at 62 cents, close to where we confirmed the wedge as support as an entry...
BTC could go bullish from here, but it would need to do a few things to make a convincing case.
So far the bulls are claiming the .236 around 37200ish as support, and also the 36500 support has held. Those would probably need to hold if the bears step in and try and push us down.
The bulls would need to push us up through the downtrend in red, and establish...
Come on BTC, finish your retrace, please.
If you would like, perhaps you could play this out as a head and shoulders, and take us down close to 32.5k or so.
That would fill the CME gap, too. Nice confluence!
I just felt like going out on a limb.
Going into the mid term here - I am bearish on BTC.
There is still a small possibility they try and push it to 45k before dumping IMO.
It still looks highly probable that they go ahead and retrace it from here.
We hit the .382 retracement from the top, and we were rejected from it.
We are still bearishly diverging on the MACD and RSI on the 4 hour, and...
I posted a bearish retrace case for BTC earlier this morning.
The bullish short term case for BTC is that it may be in a short term ascending triangle.
The measurement that I have on it gives about a 10.5% move up to roughly 44.6k.
I will link the bearish idea to this one.
BTC was just rejected again from the critical resistance that it is sitting at.
The two most common indicators that I know of (RSI and MACD) are showing bearish divergence on the 4 hour.
The MACD crossed nicely bearish on the 240 chart.
We haven't broken our small uptrend and backtested it with rejection yet - so there is no confirmation yet. I still think...
Since the last setting of GRT - it looks as if it has developed another large falling wedge.
If we are able to break out from it - we could potentially see an 86%ish move from the break-out point.
There are of course plenty of S/R pitstops on the way, but that is assumed/baked in of course.
We need to establish S/R on top of this wedge - where currently...
I have an idea posted about where I think that HBAR might go for its final capitulation during this cycle.
If we are to hit a recovery rally, I have posted my sell zone here.
I would sell roughly from about 26 cents to 34.5 cents.
To be fair I should post this because a lot of coins are looking to bounce now or soon it looks like.
Once all is said and done with this altcoin marketcap bubble burst, I think that we can get a prime opportunity to grab HBAR around 3-6 cents again. What a wonderful thing!
I am able to get nice fib confluence with historical support. Loving it.
If you've ever needed a second, third, whatever chance at a prime opportunity - here you go!
So, if we do actually get another capitulation event eventually, I do have a lot of confluence around 7-9 dollars for SOL/USD.
S/R lines up with a lot of fib hits, and that is my favorite for developing a plan for picking stuff up cheap. Obviously the next level of support presents its self, too, around 3-4 bucks. I got the fib confluence around 7-9 dollars....
I'd previously seen 40 cents as a big opportunity for ALGOUSD, and I still do see it that way.
I've been able to find some sort of confluence at all levels of interesting support in my view for algo. 40 cents, 26 cents, and 17 cents.
Details in the chart. Gotta' run for now.
Fibs and S/R are telling the story again I think.
If BTC does really make another capitulation move, I think that DOT behaves as the title states perhaps.
The $5.30 area has beautiful confluence with S/R and fibs, and I certainly have some buys around that area personally : )
The patch of S/R around 8 to 10 dollars does have some decent confluence, too, and...
The fib sequence in Magenta suggests a case that maybe the bottom was at 42 cents. The market makers followed this sequence pretty much to a tee so far.
There is still plenty suggestion that it could go lower, too, but I'd missed this from before.
Dot is still currently accumulating inside an ascending triangle.
It needs to push up, and establish support above $16.44 - do a S/R flip there, which it probably will.
Then there is the big downtrend (in red) and also resistance at $20.00 (in yellow.) I would say that would probably be a good first profit taking area.
If we can do a Support/Resistance flip...
Following up on my previous idea - The stars are aligning for this idea to work out pretty well if BTC allows for it.
If we want to follow elliot wave rules, we could potentially retrace to about 62 cents, and cannot close more than a wick below that point to follow EW. The 62 cent area is strong support resistance - and is also the golden pocket. The stars...