Tezos woke up and is now leading the Alts recovery. But it is now approaching common wave end points. Even a pullback will be likely to find support quickly. $ 1.650-1.661 is immediate resistance, already reacting. $ 1.676-1.690 should be strong resistance shy of 1.7 round. $ 1.600-1.613 was my original target, but pushed through. We may be in a "blow off top"...
As you know, MATIC has been flying fast and hot. Now it has almost matched its previous moon shot. But primary fib indicates possible wave ending soon. This is just a quick "heads up" with numbers to watch. If retrace does start soon, I will post a new projection. I am personally unloading my bag steadily since 500 sats. This fib series confirmed cleanly at...
BAT is at one of two supports before another substantial leg down. Has been falling for a while and should be about ready for a bounce. Bulls need to at least slow the bleeding before next support is reached. $ 0.183-193 (green 1.236) is current support and often bounces strong. $ 0.177-179 (Impulse Top) is where bulls launched this run, must hold. $ 0.161-164...
XRP.USD in a critical Zone, desperately needs a penny asap. Caught between two major fibs, and long way from next stop. Each support below has already done its job, don't ask again. 0.2219-2225 would be the ideal support to firm up for loading. 0.2249-2268 has withstood some hits but hopefully it is weaker. 0.2355-2369 has several fibs needed a strong blast or...
Followup to my first map for PTON topping zones (click) . So we peaked exactly as expected and are retracing now. First leg down could have been just market wide pressure. But second leg down is on a positive day for most indices. (uh oh) Plotted EW paths are just GUESSES as to the retrace. But the ZONES are SOLID and each will cause a reaction. So we now we...
Quick plot to map the likely retrace points Trade War news got a good twist, oh boy :( Thus the instant drop, and should continue. Of course, the supposed "good" news could be walked back any moment. But I have been looking for a lower low per my previous plots already. Will need to see how this develops, but currently I am thinking 1424-29: . Above is a...
ALGO.USD preparing for a "Wave 3 of 3"? or just "3 of C of 2"? AlgoRand has been a pleasure to trade, with Fibs guiding the way perfectly. (see links below) But currently things are not very clear, and Bitcoin is having random spasms. So any trades right now are fraught with extra risk, even for the cyrptoverse. The "Holy Grail" of entries is a "Wave 3 of 3"...
As you know, we have had some crazy moves recently. Interestingly, every turning point was defined by a Fib. This plot uses only 2 fibs and covers only this volatility. For a bigger picture, refer to my other analysis below. This particular set of fibs define the current battle lines. If these loose control, then check my bigger picture plots. Current Sentiment...
So it has been a wild couple of days in the CryptoVerse. ZRX like many alts slid further due to Bitcoin uncertainty. Now at a STRONG resistance that may take several attacks. Below is the "Impulse Core", most concentrated buying power. Ideally bulls break the Resistance above without visiting the Core. Even then they still face the "NeckLine" where bears will be...
The Pound has been climbing rapidly due to Brexit developments. Now faces not only round number 1.3000 but also a major Impulse. This zone could determine the future trend for many years to come. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the...
Update to my ongoing analysis of AlgoRand moves (see links below). Here I am with another messy chart, I know. We bounced as expected and topped as expected. Now comes the TOUGH call, many possible paths. We look to be in a "wave 3 of C" at this time. But the w1 and w2 were unusually tall so am unsure. We should see one more leg down, perhaps a stop hunt. In...
As you know, Kiwi has been quite strong lately, across the Board. It has made a return trip after a 6 month exploration of the Deep. Now we will see the true strength of its conviction at the Core. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the...
Quick plot to map crucial support zones. Another pump today, not sure if will dump. Bulls have 2 supports to use, must hold one. The bounce came EXACTLY where it was expected, see this Plot:
Most relevant Fib series for Bitcoin in this time frame. The Impulse from $7870 set another cascade in motion. Thus far Bears have dominated the line by line rejections. Bulls have 3 lines left before severe collapse. It will take at least 2 CLEAR Pings to reverse this. Bulls need to paint two Pings that bears can HEAR. Sentiment wise the US market leads but is...
AlgoRand bounced EXACTLY where expected (see idea link below). But the bounce looks and measures "corrective" more so than "Impulsive". Plotted are two scenarios for the correction to continue to new local lows. Hopefully I am WRONG and we see a sudden surge like Algo does. One good sign is Algo moving somewhat independently of Bitcoin. But short of a surprise...
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected...
ChainLink is still retreating from last surge. It may be undergoing a "bottoming" process. Delicate Dance on sub-Fibs shows some intent. Part of my ongoing series to demonstrate my Methodology that I call "Ordered Chaos". . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio...
Plot to study this asset's behavior around key Fib multiples. Is this one of the few IPO's with immediate success this year? Or is it about to run out of steam and wither away like many? I know what you are thinking of the chart above: "Draw enough lines and some will hit every time". My goal is to study the price action at each zone. Some of these waves could...