Mad_Poet

Mad_Poet

Looks like a good spot for at least a bounce. Any where inside the green box iis support, and as a BTC holder, I don't want to see price below the green box. IMHO that would be a huge negative. So far BTC correction is well within the range of previous cycle corrections, and mild by comparison. As a side point, head and shoulder patterns are one of the least...

Mad_Poet

Target area should get a bounce, but that may not be the final low before heading for new highs, Time will tell.

Mad_Poet

For those hodling long term, here are 2 great areas of support to add to your long position. IF BTC behave as it has in past cycles, the top this cycle is still some months further out, nearer the end of 2021. BTC has come too far - to fast, and this correction has been expected. Cycle target $150,000 to $300,000.

Mad_Poet Updated 

Target near the last high around $62

Mad_Poet

Breaking higher, good earnings, good space for inflation going forward. Long or swing trade either one should work. Indicators rolling up.

Mad_Poet

Nothing is ever a sure thing in trading, but sometimes the odds are more in one's favor than not. See chart.

Mad_Poet

Small position swing trade. Been trading this small stuff lately and doing well. Keep it small and follow the plan. Manage risk.

Mad_Poet

Support and resistance. Still in a strong uptrend, a break above the red line may signal the end of the correction, and be a nice spot to add to a position.

Mad_Poet

Would be good to hold this channel. Markets may be in for more chop at best, so not a sure thing that BTC can hold onto this.

Mad_Poet

Perfect flag in place, with major fib, and even a possible set up for an RSI 14 divergence.

Mad_Poet

Gold , step back, zoom out to see the forest thru the trees. Bottom chart inverted dollar. Big saucer bases in place and looks obvious break out coming soon.

Mad_Poet

All indicators are starting to cross over to the upside, usually a sign of an impending move up. A failure would see a close below the pink 13 ema and a move lower tomorrow.

Mad_Poet

Fib accuracy and and regression channel

Mad_Poet

Respecting the fibs

Mad_Poet Updated 

How I found a good spot for a long play. May or may not be a final low, use stops always. Go to a smaller time frame to watch the setup develop. In this case a double bottom on a 12 min chart. Not noted on charts: later swing lows were on low volume compared to previous lows, signaling that selling was weakening as the 50 fib was approached.

Mad_Poet

Chart discusses possible price action

Mad_Poet

see chart

Mad_Poet

50% fib hit, redid chart for coinbase with less clutter.