If you got kevlar gloves i see $38,850 as approx the knife catch - The Cloud/Uptrend/Fib support needs to hold
Linked with the 'Bnb Holds Above Previous ATH...Again' chart beneath - This fib set up is also possible and is a more detailed look at the 'Only Maybe' levels in the linked chart - I will wait to buy Bnb with Btc at a lower price vs Btc as i believe Btc will rally first and devalue the Alts - See also BnB/Btc chart linked beneath
Fibonacci rules the universe and unless there's a collapse in temporal and mathematical reality the Mcap candles are going to reach the 161.80% - You can see the awesome Awesome Ocillator by DennisLeeBtc has not reached the peaks achieved in the 2017 rally and there is a damn sight more money invested this time goddamnnit -
A rising wedge is caused by unbeatable flat top fib resistance - Eth had this appearance as it struggled beneath its previous ATH, nothing goes thru a 3 year old ATH on the first attempt, and nothing goes that close to not go thru - After breaking thru the 100% fib the standard move is to go to the 161.80% fib. You can see this on many charts, Fibonacci rules the...
Eth has come a long way over a long time to poke a hole in its ATH ceiling this week - It hasn't come all this way for nothing, candles never get thru ATH and hold on the first attempt - I expect Eth will recharge on the red Gann 1x3 fibray and push through the 100% fib in time to open a candle above it this Sunday - Eth/Btc has also broken through to open a...
This flat top resistance has pushed Eth/Btc candles back since September 2018 - Its poked its head out before, but this time has more importance as Eth has just had 1st attempt at breaking ATH against Usd - Nothing gets thru previous ATH first time, and things rarely go all the way back up there over months to fail - Eth/Btc can get to 0.046+ and over perform up to 0.049
Al the crazy calls and confusion, its just interference, Btc needs to hold the wick zone and break the downtrend - I expect it will
As the arrows - The ascending support of the red 1x1 Gann fib ray has to hold, beneath it is bearish
If Ewt candles can push thru the red 1x1 Gann fib ray and into the the panel box then it has some open sky above it - This weeks candle looks set to open above the downtrend - Support and resistance on the arcs, fibs and fib rays
Thanks Paul Tudor Jones for that quote