you hate it but you might learn to love it just seems down is the easier option given 5 months of price action couldnt break resistance positive etf news might change things but tbh it looks priced in negative etf news would accelerate the move. dont fear the dump
whip up take the liquidity around 32k from a h&s when moonboys target +34k dump it to 20k area holding structure chop around the lows drawing in both parties deviate the trendline to pull bears in run it back to flat top and breakout to range high] take the liquidity into 70k
ive been aiming for 36k as a final target since the start of this mini run in January. this recent PA has been a bit meh, with buy interest coming down at a point where i believe some players have loaded a lot of sells teasing everyone for the 32/33k liquidity. as this local mini range is just an sfp of Aprils high and price drop would be considered internal...
note: the CBOE:SPX avwap from the previous financial crash in 2008 has been a buy whenever the retrace has aligned with the golden pocket. Could be a nice HKEX:1000 move coming if the short setup comes into play
+100% move coming for FWB:WOO if it can break up from this .25c level; ATH/ATL avwaps and VAH supports price = clear shot to .50-.60c levels achievable
ACB over the last 4yrs has tanked from its ATH, stock is now under $1. hopefully the next 3-4yrs produces something special. ih&s to develop at the bottom and recover the POC before testing $10 area
nxra bounced form the 1M OB and has broken internal market structure 1.62 fib from here is the 15c area (2x) and also the channel roof if the coin breaks out from the channel 2.62 fib and 20c is the next target (3x) avway from ATH and ATL supports price around 7c
looking at the log chart of past fractals we could be about to see a nice final wave 5 push up. if this follows previous trends the potential would be for an additional 3000% from the current price, launching the doge from $0.20 to $6 (or more) for this to happen the yellow diagonal trend line needs to hold as support and it is impressive that the price has...
...dont be the sucker longing into resistance. still not going to write this 5 wave idea off for bitcoin, until this potential w4 closes inside w1 space $btc may still head south ("the deep south )
natgas has had a change of character near the lows. price has now retraced to a nice entry level with decent R:R 5% SL under the previous lows 3 TP zones; .5 fib and avwap, gold pocket and rnage high, and 786 in the supply zone
this fib circle has caused a big dump each time its broken will this time be different? im cautious as it has to reverse one day, but lows are very possible whilst bearish structure is intact.
as titled the bitcoin chart has no fib circle support after the 16th feb since the first range after the impulse the fib circles have acted as support and resistance ranging the price. the most recent drop found support on the circle around 21500. the immediate (today) circle support and resistance zones are 19k and 24k. after the 16th feb there is no circle...
bearish market structure remains sfp of the previous lower high until this changes we remain in bearish territory no one wants capo to be right but until this is broken he could very well be right "biggest bull trap ever" - would give him legendary status if we descend to lows now Imagine 15k May, 12k August not sure where 100mma would be by then as its slowly...
shoot me if you must but the $btc invert 69k top sat against current 16k bottom looks like a decent fractal. another push into 24/25k before a sweep of the lows to mark the official bottom of the bear market
will the dxy break the mid channel for a final push to the 2.62 fibo ?
thats it; 1 potential short, 2 longs, 1 bottom :-)
looking at the 2018/2019 rounded bottom consolidation and applying the same process to todays price. cup and handle to range high before breaking out
filecoin inverted hammer on the 3 month chart at previous demand zone; fibonacci targets above.