TheK19

TheK19

Hello everyone I think we can say the current 57,500 should be our current top price for BTC. We have 0.7786 Fibonacci resistance, and 2 channel ceilings. Also we have an static resistance at 57,555. Considering that BTC price is quite close to this huge resistance cluster, I really think this would be the highest price for now and we wont see any further...

TheK19

I reckon zigzag correction for BTC, which is shaping most Cryptocurrency's patterns. It is working on the 5th wave of wave b from B. then we have c of wave B and then we get to wave C , which gives us more opportunities to buy. for me stop- loss is around 38000 Also I am looking to buy between Fibonacci Extension level 0.886 ( 33500 USD)and 1 (21900 USD) (or...

TheK19

It is just similar to BTC, and many more cryptocurrencies I think. Finishing wave 5 from b in wave B. So naturally we can wait for a better position to buy (in wave C). I also should say I guess this is a Zigzag correction. Stop- loss around 400, incase price goes up. Expect to find a good purchase point between Fibonacci extension levels .886 and 1 (between...

TheK19

TRX is working to finish it's wave 1, from c to shape wave B. We expect wave C start after that naturally, so we have better opportunities to Buy later IMHO. A Zigzag pattern I reckon. Same as BTC and few more Cryptocurrencies. I personally set the Stop-loss around 0.085, incase things go south. I also expect to find a good purchase point between 0.886 and 1...

TheK19

It is possible that BTC is completing the reversal Head and Shoulder pattern at the bottom. Is that the begining of the 5th main wave? Please let me know what is your opinion about that.

TheK19

Just like a volcano, BTC's pressure is increasing by price fall. We can count that we are completing the 5th wave of the wave IV. Considering broken triangle, and the big resistance at 41916 and the pullback we had on this support, I think we can expect the the 5th wave end up somewhere between 33,974 to 29,203 (can 19,762 be the next stop!!??!!!?!?!!?). We...

TheK19

Considering broken triangle, and previous supports, and also since we can count 4 corrective waves, I expect TRX IV correction wave end up somewhere between 0.068 to 0.052. However, we should monitor the situation closely, even more than before. 0.068, 0.065, 0.052 might all give us a new Entry point. For plan B, if things goes south, we can Enter at...

TheK19

I think we should expect a bit more fall in TRX price. Considering the exiting point and base of the triangle, maybe we can expect 0.121. However I also think TRX is sensitive to 272 fibonacci, so we should monitor the situation as always and act according to approved facts. Cheers Please let me know what do you think about the situation.

TheK19

I think TRXis completing the Cup and Handle Pattern (Completing the handle now). Considering the BTC further correction and its influence on TRX, (and also the fact that the last wave's structure is still incomplete) we should still expect a further correction for TRX. In the end, TRX looks very good in the long run, with the promise of reaching 6.8$.