So last time I tried to time this very poorly when I wasn't working with any meaningful pivots. This is the volatility I'm looking for to call a reversal from bull market to bear market. I was a little ahead of my time when I was talking about the Coronavirus (Covid-19) dumping the markets. This time I'm using Fibonacci to try to measure where the bull trap is...
After a parabolic bull run, major corrections always begin with failure to meet all time highs after a dip. Not going to establish bear targets until I get more confirmation that this now a bear market. Lots of potential fear and uncertainty coming from the FTC and China would could trigger a sell off to lock in profits from investors.
Perfect pivot off that .618, was not by accident
Should see upward movement and then a pivot off the median line. The fib bounce wasn't perfect but I'll take what I can get
I pulled a pitchfork off the technical pivot off our .764 and we should be in the clear for some growth before year end.
Are there any survivors left? If the 4k is truly the bottom, we should see this impulsive move play out.
Bearish Pennant Pattern in our little rectangle we have here! Lower lows EOY
This is it fellas, .618 or bust!
Dividends caused the usually dip we see in dividend stocks. Fire sale on those Call stock options right now
Heres an opportunity in swing trading you all should take.
First time posting a trend line TA. Potential for breakout to start.
We want it right on the median line
Forecast for our bull target...that is if we are truly bullish.
Time to unload some bags, huh? I'll add more content in the comments later tonight.
Hopefully this will be the case of "if you don't hit your fib target, wait a couple of weeks".
Had to go down to the 15 to propose this bullish Elliot count. Am I stretching or am I onto something?
Of course, now that I've posted this idea, tron will drop 30% against btc, just watch.
With news of Verge being listed on Bitfinex, hopefully we will start to see some bullish movement soon.