A friend said take a step back(thanks M.A), apparently I was working a little to close, lack of sleep. However I did mention we still are in a macro downtrend I just didn’t realize it was this one… so I guess we have two to over come, lets finish one at a time…. Cleaned up chart the Green break is my guess for this Study… Jon Fiorucci DCA Safely (it would appear...
Looks like we found support from the original uphill battle early on this year and caused an early exit out of the downtrend. Also maybe still in a macro downward motion on the larger scale see, we will see what’s next.. study Jon Fioucci #btc
Stress…and lack of sleep… some rebuild do to miscalculation (stupidity, and IPad, mostly stupidity). Blue lines would be support, green break is the uptrend…Study as usual.. #btc not expected to fall to green at 41.9k. Somewhere in the 43k Jon Fiorucci
Looking like we broke out of the micro downtrend we where in, causing some blood in the streets.. Some Large Alts hopefully should be on the move along with some second layer… #btc still has to finish its last blue channel to be back on the Bull Trend!! Green Break is Goal. Study. Jon Fiorucci. DCA Safely
What’s worse than a downtrend? I guess a micro downtrend in that downtrend… as we seem to be coming out of the current one we still have the Bullish blue zone to finish…Green break to uptrend… Study DCA safely Alts. Could be a potential opportunity as the action On most seems about to move… Study Jon Fiorucci
Now that we have suffered a “wave of mutation” from BTC in some of the Alts. We are in the Bullish blue channel, the last channel of the gann fan downtrend…Blue to blue Finally… The question is how long are we going to ride this channel down before we jump out? Green Break is the promise land.. Study Jon Fiorucci
Looking for hope, or is it a trap, crossing over the green break would definitely bring us into a bullish business zone…Alt season is on… Study Jon Fiorucci (The downtrend grid shows btc crossing channels after the fall, blue to blue to be bullish.. again)
After falling into this downtrend the question will stand. Once BTC is in the direction, how fast before we see positive flow on a regular a basis, or is the reset timely, slowly dragging the market down? Green IS A GO!! Study Jon Fiorucci
Looking at the big picture, the ever rising floor, it doesn’t seem likely that even in a Bear market $17k Bitcoin would ever happen again… people have said we would run up to extreme numbers… then drop drastically… we definitely have some work to do.. BTC always goes up… the floor seems to rise… People suggesting holding off on buying until bear market at $17k...
What if we are still in a downtrend and we just tested our go line and bounced off. We need to refuel and break through the resistance… green is always go.. DCA safely , we already bounced off the blue 29k so we should be safe there (creating a new floor ?). The curios zones are from 37,600-48k until we break through…. This has a lot of pull to the other...
We were definitely do for some cooling off. The sell offs for profits will cause a cascading effect on exchanges sometimes…. “The Falling Knife” unfortunately can be triggered, this would increase the downward action across the board since the system’s trades on a grid…. This could be a great time for buyers to step in…. Timing is key… Study. Jon Fiorucci.
Green would be the go ahead. Time to cool off, coming down to the pink and red lines might be in the stars, this would seem to be the case as we channel surf our way out of this downtrend. Study Jon Fiorucci (quick wicks may appear on the charts)