BTC is inside a channel going parabolic, drawing several ghost bars from the early phase and looking to history, Gann fan and other factors takes me to believe we will achieve 10k before we have a major correction, if there will be one at all, but it makes sense to shake out things a little. We are bullish, and we are going 12k - 15k this time, don't be fool to...
I have been patient, waited from November to see it reached below 240 sats, to be exact 230 sats was the buy, which was exceptionally our bottom.
I do expect this pattern to act fully and as my understanding goes, this can be a signal that the ALT coin marked has bottomed - #long!
LTC has a perfect C&H and obeyed 38.2% retrace (61.8% fibo on chart because it's extension fibo), without dropping low to 50% fibo and so invalidating the pattern. The handle was drawn with a channel tool and it's perfect one too, maybe need a leg down to find E from ABCDE, but can't drop to 50% fibo (again, that would invalidate pattern, but not ruin the...
You wanna focus on the smallest fib, weekly retrace to 61.8% fibo, in this case is the 38.2% fibo (1256 sats) since it's extension fib rather than retracement. The rest is simply the rest and I'm a swing trader, but thought I'd share.
ELF have been in accumulation for long and even in this pump didn't fully achieved targets.
We are inside a broadening wedge and we are going for the kill before mainnet release at 31st March.
ABCDE Wave pattern will be completed soon giving us a reversal buy zone, I'd like to call attention that point E (buy) more often than not reverses half way to bottom, and...
NXS went to bottom of this inside pitchfork, also the 0.236 fib, it could go to test this fib again and wick to stop-loss of this "long position" tool (R:R) - all on BTC.
We should move toward the top of pitchfork once cross this resistances.
AGI with fundamentals aligned, rsi strong bullish divergence, middle of pitchfork and bullish golden zone, bottom of upper trend line.
Worst case scenario in such a bullish chart is we meet a 50% fibo retracement which was the original idea on first chart uploaded.
Don't judge me for what may be wrong in there, just add to the knowledge if you will :)