Public testing of ConstanceM.Brown material: this chart is a sample of how true fibonacci ratios are stacked from strong candles to produce fibonacci confluent zones that align with support and resistance. For now, the trader of this method stays flat until price reaches $4,900.
next month we wick to $4,900, maybe $5k. ~December 2018.
the month after we dump back lower than the current dump, say sub $3,400 but hold above $3k. ~January 2019.
the journey to a whole new world begins again from $3k. ~Feb 2019.
Buds start blooming in March 2019, altcoins flourish.
^all the above possibly invalidated if the cycle doesn't play out as it...
Loading up with fresh fiat at what I project to be the bottom. Swing trading with till then.
a couple of quick points:
1. we finally broke out of the dead zone. rejoice
2. i don't know if BTC will hit the projected zone. it's extremely ambitious and projected using harmonics
3. i'll be focusing on stacking BTC. This will be my main focus during the coming months....
taking an ambitious short on $XRPBTC cause:
-2 bearish 1H OBs holding. possible retest of lower range.
-recent S to R flip at 7118
-bearish inverted HVF structure
-potential bearish inv. cup and handle structure
-possible retrace of the upmove to the .705 OTE