Now the price going into channel of bullish flag for bulls plan realization BTC need to break out flag X point - strong ressistance: flag ressist.+f-fractal ressist.+ price range of traders agreement(PROTA).
Price moving in channel between R-zone and S which looking as bullish flag Previous prediction about some correction after strong rise may start to work when S will breakout.
R - STRONG ressistance - stopped bulls. A-B-C correction now(previous prediction) or 6k(psycho lvl.) or 7K(1.618 F ext. lvl)? Waiting for...
Bulls did a great impulse which left behind all the obstales to reaching 5th Elliot wave. So, I try to predict the target range, relying the 1.272 Fibo extension lvl + the wave size (3rd wave is longest). So, I will use as trgt 5700-5900$ price range.
Price brokeout strong ressit which become S-support and now consolidating in bullish traingle Good opportunity to Long position with strong supports areas: 0.618 F lvl + "supply"; S-support+0.786 F lvl
I have alternative vision(from previous chart) about counting waves on BTC/USD If the price will confirm brokeout of last ressistance(on my last chart on BTC/USD) then we will have forming of 5th wave on W TF. All waves working good with Fibo lvls. I will use 1.272 F lvl ext. as approximately target point
BTC reached min point of previous target range impulsively, broke through traingle ressist. which become S-support. Now price will rising out of traingle near support to X point - crosses "Supply zone" + max.price psycho lvl + S. Situation is bullish now, for further rise need break out next barrier - X point. But don't forget about potential correction after...
Price continue movement in wedge pattern R-S. Waiting X point of wedge (4880-4960$), which is crossing of "supply" + R-ressist of wedge. But don't forget about wedge - is reversal pattern, focus on S - wedge Support.
Price reverse from 0.618 F lvl. and broke out F- fractal based ressist. Good opportunity to BUY after small correction to F Use Supply zones as targets
So, previous scenario is still valid but! This price consolidation near supports - bearish signal. And if will break out supports then going to S-support.
XRP/BTC. Entry point after yesterday prediction. Now price broke out of f-ressist. So, long! For more profitable entry waiting for small correction from Supply and BUY. Use as targrt 1.272 F lvl. ext.
Now we in intresting situation.In double reversal wedge. Price broke out S - support and now action depends of this was False br.out or not. 1st option - Broke out S + now testing and go to forming D leg of RED wedge; 2nd option - False br.out then forming D-leg of GREEN wedge, to confirm need break out strong X point (ressist+0.618 F lvl.) and break out F - ressist.
Price gives bullish signals after double bottom: broke out R1 ressist. + f - fractal ressist. Waiting for small correction from Supply zone and go to X point - crossed Supply zone+0.618 F lvl.+R-strong ressist.
Price broke out r-ressist. after reverse from strong point(from previous chart on ZEC)! Now it will pull back to r which become support. Good opportunity to Long position with low risks
Candles didnt close out of R - fake break out. Now we have options: 1st - Price will continue movement in channel after reverse from R-ressistance. 2nd - Bullish scenario will be after breakout R-ressist. + F - fractal based ressist.
For traders who hold NEO in short-term.Keep your eyes on chart! Looks like NEO will break out support - to confirmation prediction - wait for break out F line
Now price is near "zone of influence" which consist of S-support + 0.786 F lvl + Demand zone Here price will solve further action: - 1st opton: will see reversal formation from ZOI - 2nd option: break out of S and further falling
Price forming standart pattern. So, looking for continuation of downward movement. Now ETH broke out S1 - support line and tested it. Need brokeout of S2 - support to confirm prediction