I was a bit bored today so i did something i normally wont do, i used the line chart this time, and i was looking for a potential bottom using the fib top (0) and checking where a possible bottom (1) will be.
So i noticed some kinda pattern that was used in the 2014 bear correction.
I marked them with the circles.
This was the best i could make of it....
Hello, thanks for checking my idea.
Imo we are almost done with the correction, because we can clearly see some bullish momentum is building already.
It made a higher low, and we didnt in price action, so thats a bull div. to me, (not 100% confirmed yet)
2014 : After the bulldiv is made, BTC formed a resistance arround $292.
2018 : After the bulldiv is made, BTC...
This is my personal trading idea, im looking at mana for a while now.
And iam already in.
This is my other idea, its the mana usd (calculated) chart.
Its inverted as well, and looks like a distribution, in this case accumelation to me.
Happy trading !
Extended wave 5 is possible, wait for a rejection at the red zone.
Wave 5 will be end arround 0.419.
Bigger timeframes a bigger correction is even possible, so when i take this trade i will take partical profits when this target will hit.
Happy trading !
Hello all, imo we are consolidating here in the triangle.
We already had 2 impulses, and maybe we will see an extended wave 5.
But if we breakdown out of this triangle, we might visit the lower fib levels.
personally i have set some alarms to trade the breakout.
Hello all thanks for your attention.
Last rally this red zone was the bottom for CMT.
In sats vallue it made a new ATH, that is because the $ vallue of BTC is much lower then in the beginning of his year.
Looking at the correction upwards (start april) it looks like the USD vallue is leading CMT.
Because it retraced almost perfectly to the 61.8 fib. level (in usd...
Last bearisch impulse(?) of this bearmarket/crash.
Dont try to catch a falling knife, Unless you are in for the tech and can miss the money for a while.
Long term its ok to ladder some buys in the capitulation zone.
But i wont use my whole fiat portofollio.
30% is ok.
Thumbs up when you agree would be nice to see.
Will update this idea when there is ennough...