Super strong setup! Following this super similar BTC move from 2018-2021 Once it takes out the high its about to set after the followed retrace: it's gone If it falls back below resistance that would be a PITA! and lower prices would be expected --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No...
Will it do another low? Will it sweep the ATL? Would make sense. On the other hand, its already down 98% from ATH. Holding the 2018 would confirm the next leg up to be of a higher degree aka be a moon shot vs a new low might just indicate the next leg up to be a normal retracement ending somewhere 0.618/0.886 Either way, R:R seems ok --- If you like my...
Lets start with the local inner fibs: Got a nice 5 wave structure obeying the rules and possibly going to end near this 8.236/16.236 confluence. Could as well still go to 3-4-5 usd before reversing as trend is very strong. On the intermediate it would be very good to trigger 2.618 @ $5.30 on this leg to get a final high target in 4.236 area. If it fails to...
So we got a full legit algo on 8.236 and thereafter a nice extended ABC back RIGHT ON 0.382 level. If this level holds, its gonna go full force from right here If it breaks itll likely test 0.618 or lower R:R super nice here. Oh, and look at the volume, LFG!! --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer...
Pretty easy setup. If it bounces off 3.618, vamanos. To be monitored with super close stop for maximizing lever. Either way 8.236 (or more) is the ultimate target for later --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No financial advice, do your own research, don't be stupid
We do we got? - A beautiful corrective ABC pattern that has ended with the last part having legs of equal length right above 0.886 fib - Price action being on the verge of breaking downtrend What to expect: Short term: trigger and test of 0.236/0.382 levels Mid term: 0.618 - 0.886 Long term: 1.272./1.618 --- If you like my content, if it helps you gain...
As long as 0.886 holds MIXMARVEL can be about to start the next strong leg up with a MINIMUM target of 1.272 Bags loaded! --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No financial advice, do your own research, don't be stupid
Well it hasnt moved as much as other but the USDT pair has made a nice double bottom while the BTC pair went on to hit its 1.618 () forming a nice divergence. 8.236/16.236 target to look at still depending on how the impulse goes. --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No financial...
Whats so nice about it? PA is about to break a long downtrend and has already triggered major 0.236 for reversal. A rally up to 0.382 shouldnt be a biggie. If that gets flipped, 0.618-0.886 is next on the menu. On a local view: 0.886 major @ 0.04715 has to hold. Thats the invalidation for the whole setup. Since PA reversed on 0.704 already that could've been the...
Falling wedge. Nuttin else to say here. Only one question: 8.236 or 16.236? --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No financial advice, do your own research, don't be stupid
After a complete impulse and a 3 wave correction double tapping on 0.786, PYR now seems to get going after escaping that flag to the upside Lets monitor how the next leg develop. Targets to the upside are $7.23 - $12.40 once tapping 1.272 @ $5.88 Hold my beer pls ---- No financial advice, do your own research, don't be stupid
One could look at it as a loooooooooooong type of bottoming formation. As long as this LPS holds one should be expecting a strong SOS before continuation further upwards. And of course: If it looks like a flag, it usually is one. When/If this break upwards, things will speed up quickly. --- If you like my content, if it helps you gain profit, give it a...
It has run nicely since the lows with incredible strength. But surely a correction will be necessary at some point. Here we have some fib confluences in the area as well as bearish divergences. Similarity to the previous occurance might lead to 40-50% correction before resuming uptrend. Surely not adivice to short here. Rather buy if hits zone in given time...
Look at this beauty! Its the F SAME PATTERN as in 2017. Even the previous correction has followed the EXACT fib levels. Given that: Whats gonna be next? --- If you like my content, if it helps you gain profit, give it a like! Thanks! --- Hold my beer pls ---- No financial advice, do your own research, don't be stupid
Lets take a quick look at the BTC pair in LOG SCALE: Consider this to be pornographic chart content BCH is gonna finish a 5+ year long falling wedge after hitting exactly 2.618 fib level Once this break out, its gone with a BOOM ! Hold my beer pls ---- No financial advice, do your own research, don't be stupid
1) Zoom in to compare this incredible exact same pattern. 2) Then ask yourself, when will your euphoria about a change in trend be the greatest? Thats where the #rekt will happen and most hodlers be badly exposed. Right there in the red box after breaking trendline. Both patterns represent a valid h&s with the recent one hitting its target right on point AFTER...
of a possible breakout! The first leg in early 2023 has been a b*tch to count but obviously has a running flat for its wave 2 giving in the end follow of the fib rules, w3 on 1.886, w5 on 2.618. Correctin of the first impulse ended right on 0.704 fib. And from there chance is quiet significant the next impulse has already started and its first correction is...
Well kind of ultra bullish, one would assume. Lets take a look what we've got. 1) Possible finished expanded flat ABC setting a fake new ATH back in nov 21 with a perfect ABC ending on 1.618 as well as C ending beyond 4.236 2) The first leg in 2019 had been corrected hard to almost 1.0fib, assuming the correction of the third leg will be mild 3) Recent...