Almost 50% UP since shared days ago, currently price fighting against main resistance at ATH, if we get to close and consolidate above, I will rebuy part aiming for those objectives in chart. If price is not able of closing above, we might see a retest of 3.6K-3.4K area, where I will be looking to buy aiming again for the main ATH resistance, and hoping for a break.
Shared this trade some days ago, currently in from around 2.9k, I want to see this black line hold for more continuation, for now PA looks really bullish, retesting this last resistance and flipping to support. Once we get above and price discovery starts I will update with my objectives.
Just a idea, not gonna trade this blindfold, watch the previous chart and understand where is the confirmation point, like closing back below the high in the 4rd box, after taking the highs in the 3rd box (purple), retest of the previous high have been a perfect short in the two previous structures.
Currently buying the dark blue box, aiming for those objectives in chart.
Looking to buy the retest of the blue box below the current price, or buy above if price is able of closing above, aiming for the highest blue box, followed by ATH and price discovery,
Simple chart, closes above blue, Im in, looking for those objectives.
Been insisting in 800$ since JULY when price was at 320$, and we are already 100% up. Not much to add, I want to see the last high hold, I see very little resistance from here to 800$ so this should be fast. JULY 2020 OCTOBER 2020 NOVEMBER 2020
The objectives are enterely based in fibonnaci system I've been using in all my chart, simply fibbo 100 of the entire consolidation--> retrace to 0.618 --> fibbo 100 of the entire bitcoin history structure --> retrace to 0.618 --> expansion to 1.618 30k current objetive Retrace to 20k expansion to 50K retrace to 30k expansion to 80k
Early shorters stopped and some longers trapped, in a perfect pullback to the main parabola. I still think that this parabola will take price at least to 16k area again, and near 14k$ area if does not hold, Im currently short. Those are levels I will be looking to trade.
A break of a parabola, usually comes with a correction of at least a 60% of the entire structure, that points to the 14 area. The MA20 in weekly chart, that's been a key support for the entire btc history, is currently at that point too, in synchrony with the biggest parabola I shared some weeks ago. And that's too the 2019 high, around 14k area, so...
8 weaks of bullrun nonstop, time for price to correct and rest, nothing wrong with that, does not mean that we are going back to 3k at all. There is no healty bullrun going up straight to 100k, this needs to relax, consolidate and reaccumulate. Good sign is that they did not take the ATH in any exchange, kinda estrange having that key area and liquidity so close,...
Almost every TF looks beautiful for XTZ, I've been buying for a couple of weeks now and I will be looking to buy at the retest of the 2,5$ area, looks a nice spot and pivotal point.
RLC looks prime in almost every TF, currently the mid range capping the price in 1D candles, once we close above high range is next, close and consolidation above = moon.
Chart looks really good, an entire cycle with the first impulse and corrective move completed, Im currently accumulating in the blue box, aiming for those levels in the chart.
The second bigger parabola in the current price structure, the 3rd one already broke and pullbacked, but this is still holding the price. Until we break down this parabola no reason for big pullbacks jet.
almost 70% from the buy zone shared days ago, currently price resting below the main resistance, I want to see the price clearly close above for further continuation. Once price closes above I will buy another chunk of Algo.