As it stands TESLA seems to be on a mega-trend of sorts.
We are approaching a former ATH and if breached i believe we can see the targets above in the fibonacci's of 1.13 and 1.272, or higher.
The bearish scenario involves one where we break down market structure starting from $250, which a pull back occurred already signifying potential future support.
This is my first time ever making a chart on Gold (besides comparing it to other assets)
I'm confused how anyone can be Bullish on Gold. It looks to have peaked in 2011 and been on a steady decline since then.
Custom Fibs with Added Square Roots/Golden ratio multiplications
GANN from ATL(as far as i know per this chart)
Regression Tool(very new to ...
We are currently in a strong uptrend from 230.
To maintain this bullish nature and bring bitcoin back from the dead we will need to Beat the following targets:
There are interim fibonacci targets/harmonic targets listed.
We need to remain unbias and wait for price validations/rejections and for that we have a Bear scenario as well.
Our bear ...
Ripple is being suppressed right now as anything of worth is before it recover's its bullish nature.
With every BTC rise, Ripple falls, and it does not help the inverse pairing at Kraken and all eyes on BTC at the moment.
The trend is currently down right now, and it has fallen quite a bit from it's ATH.
Key levels are denoted in Black from historical ...
With bitcoin's "survival" of the pivotal 88.6% Harmonic level we are setup for a run to a 70.7% retrace from the all time low(listed here at least) of 344.28.
Utilizing GANN fan and Fibonacci Time zone i see a maximum pump target for 2016 of 587.51.
Now of course every step needs to be breached along the way and if we fail at even getting to $344.28, we will ...
Bitcoin is doing it's best to shakeout strong positions built during this critical move. When we come out of this consolidation the move will be big.
Predisposition and current directional trend bias says the move will fail like many other pennants, but once again i present that option to you, the reader.
Key Price levels needing violation to support Bear ...
Using a bar pattern of the previous drop from 387 to 166 this may be a scenario Bitcoin will face.
I'm new to using Bar Patterns, but have seen them used to great success here on TradingView.
Before the previous drop we had a swing high to 387, and i think we may have a swing high here to 242 and then start the tumble.
Once again Bitcoin is in a sideways fuckery mode. I mean, consolidation/sideways/scalping range, etc.
We are currently in a swing high, but i anticipate this to just be a precursor to the next move. This channel has been pivotal in the past, and we're likely to continue the trend.
We are unlikely to move past the long term downtrend without a significant ...
310 did not successfully breach, therefore i believe we are in a risky long scenario(mid term).
A swing up seems to be occurring form a pivotal 252.50 price-action support.
I believe the most optimal strategy is to align yourself with optimal shorts in the upcoming days, but this micro-trend was pretty strong so above 280 might be an optimal time to THINK about ...
We are coming down from a Full Moon on January 5th with a low of 272.
Price has since dropped to a low of 179.05 during the Last Quarter of this Moon Phase.
Next Phase is the New Moon which is January 20th.
It seems the Cycles from Full Moon to New Moon causes a reversal in price.
However, to take note, when the Moon Phases are particularly stretched wide ...
Waiting for events to unfold. Bears are in a precarious situation needing high shorts placed due to the strenght of the current micro-trend.
Bulls are always in a bad situation. Let's see how this develops.