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If we look at XRP, we are repeating the same pattern as last time. We pump, then slowly start retracing down to the 0.618-0.65 fib. This time, we hit another fib level where we could see a bounce of the 0.618. So just by looking at the chart we know 0.65 ratio is important.
Then we look at the 4H RSI, we have it breaking the support line we hold... That dosnt...
We appear to be at the current resistance again
There are now 2 possibles which is going to happen:
1. We either break up and target 3019
2. We either break down and target 268.
I think possibility 2 is the most likely. I will be shorting 294 with a very tight stoploss at 295,2
The target is 268.
BTC can only go to 9680, if the long is valid. Everything under that would invalidate the long opportunity. The long target would be the top of the triangle formation at 12.400.
If it breaks that levels its likely to test 7800 as the new low.
Currently we are in a ABCDE formation down. Next target is 141 USD, where it will make a corection up to 151 USD for the (e).
In my last post i noted that transportations are also expecting a correction down, which should take IWM with it. Therefore the larger target of IWM is 112 USD. Best case Scenario we are looking at a target of 99 USD.
Dow Jones Transportation have just finished their wave 5 cycles up. Which means we are in store for a larger correction down. There we are looking at retracements to the 0.382 fib at 7800 or a 0.5 fib retracement at 6700.
If transportation were to drop, the SPX and S&P is going to drop too. Transportations has always been a early warning regardless to do that.
Last time we bought the dip at 161, and now we could be looking for a C retracement down.
For a B retracement FB cannot go higher than the previous high at 198, if it does that we have higher highs coming.
C target would be around 150 USD.
Please like the post, to be updated.
Everytime bitcoin has came across the Golden pocket also known as the 0.618-0.65 fib we dumped. What is stopping us from doing this time?
We hit the Golden pocket these dates where price dumped:
3rd of May 2018
27th July 2018
02st September 2018
26th of June 2019.
If this is true, this would Btc to a target og 2-3k.
Oil is usually a good indicator for when the SPX goes up. When oil goes up so does SPX. With that said that is a strong possibility that oil will go up next week. It looks like Oil did a ABC correction down, indicating there are a lot of more upside down. If that is true, we would see SPX follow and possibly hit 3000 SPX.
We can see that SPX bounced of the...