carltonzone

carltonzone

Today's action is significant enough to post another update. Now we can zoom in on the 4-hour chart and get an idea of what will be happening next. Take special note that the rejection at the top of the parallel trading upper boundary is still valid on the 1-day chart from my previous idea. The day closed without breaking that line. On the 4-hour chart, it looks...

carltonzone

I'm just going to go out on a limb here and say that the Bitcoin "Breakout Bonanza" is done. The party is over. It took me digging for over an hour to see this, but once I took a look at the 1-day candles, it was clear as mud (mud is as clear as Bitcoin predictions will ever be). We got rejected along the upper trend line of the macro movement, and this looks...

carltonzone

I presented two scenarios in my last idea for BTC breaking out of the Bird Beak formation, and it looks that scenario 1 was BTC's choice of pathway. Digging in to see if I could find any clues as to what exact pathway BTC could take on this hike, I found a seriously interesting confluence between the candles and light purple fib circle set based on the June 26th...

carltonzone

It looks to me like XRP is heading towards the crossing of my Big 1.618 fib circle and the smaller 4.618 line. Thus far, we have seen several pivot points occurring on the boundaries of these sets, so there's a high possibility that we hit a point on either of the two lines and pivot again, or possibly right at the juncture. That might not be too exciting of a...

carltonzone

I'm not impressed with this very small uptick that has YouTubers believing this is solid evidence for $100,000 Bitcoin breakout. But I must admit that BTC is making a huge Bird Beak. Some people might call this the "falling wedge". I say bird beak. And I think we will be bored to tears for a little while, as it finishes out the formation. But I'd like to share 2...

carltonzone

Is BTC headed towards the crossing of my 2 major fib sets that have been magically predicting movements for the past month? Could be... let's have a look from the MACRO perspective today. I have my two major sets of fib circles that are created from significant points on the chart, not just random points. I tend to prefer setting up my rings from actual points...

carltonzone

We are fast approaching the 4.236 fib circle boundary that I constructed after the second to the last swing channel, and this has been a great set of circles ever since I have posted them. I think we are going to see a major pivot when we hit this boundary. Where will it go from there? Possibly to the up side, but more probable to the down side, in my opinion. I...

carltonzone Updated 

This is just a quick post so I can see if something actually happens right after this next hourly candle finishes. I want to see if it breaks right at this fib boundary that I made since that last little short uptrend channel has completed. Just out of curiosity!

carltonzone

Okay guys here's my update for Thursday, July 25th, 2019. There have been some significant synchronicity phenomena on my recent fib circles that I have to talk about! I cannot crack this up to luck! Looking at the chart, we can see the blue fib circles that I constructed a few days ago that are based on the July 10th to July 16th date range. We had the big red...

carltonzone

Okay guys, there has been a lot of talk from certain prognosticators like Tone Vays about Bitcoin correcting down to 2800, below the 2018 all-time low. Is there even a possible technical scenario that can support such an outlandish correction? Let's take a look at it now. I dug back into the history of the 1-week candle chart to see if I can even make sense of...

carltonzone

Here's another update with a look on the micro level, along with my thoughts on the macro level with what we are seeing, and how this relates to the BTC action and news. The magic of these fib circles is still going strong, as we see pivot points happening at the boundaries I have delineated. The July 12th to July 28th red fib circle boundaries have been pivot...

carltonzone

I think we hit a significant swing point, and it looks like the fib circles that I have constructed from the period of July 12th to July 19th could confirm it. I was looking for BTC to take out that $11,000 in order to confirm a continuance move after we saw that historic green candle super pump a couple of days ago. While it seemed like BTC was going to stay...

carltonzone

OKAY GUYS I am bored, so I decided to construct a new set of fib circles on the micro-micro level (that's more than just "micro"). In other words, I'm really zooming in so I can see if there is an confluence with our price action and a rather zoomed-in set of fibs for this analysis. I just threw together a fib set that is based on the action from the July 12,...

carltonzone

The magic of these Fibonacci circles is still in full effect! Looking at the one hour candles, we can get an idea of what might play out as XRP finds a solid bottom point. One thing is for sure, whenever this breakout occurs, you're gonna HOPE that you already have a position, because the liftoff will be strong and fast. If past performance is any indication, we...

carltonzone

Constructing a fib circle analysis from the July 2nd, 2019 green candle to the final green candle on July 10th, 2019 of this particular run, we see some seriously interesting "coincidences" in the price action. These are indicated in light green on my chart. Looking at this set of fib circles, we had some magnetic attracting action on the 1 line as the candles...

carltonzone Updated 

OK FOLKS time for another update, because we are now trading outside of the 4.618 from the previous fantastic fib circles constructed form the May 16th high to June 9th low point that made us so many magical moments in my commentaries. I have added a new set of circles in light green, taking us from the June 9th low to the June 26th peak, in order to give us...

carltonzone

While the market slides, I am at least happy to see that the XRP action is YET AGAIN obeying the magical fib circle boundaries, making predictable moves that help us to know what direction it is taking through the bear market/bull market transition. In my previous post, I warned that XRP would drop and head towards a possible base of 0.28 if it violated the lower...

carltonzone

ONCE AGAIN we are seeing magic with the price action and the fib circle boundaries that I have delineated on all of my charts! Keep in mind, I have not changed these fib circle boundaries since I started reporting on the XRP action not too long ago. Tonight, we will know whether or not XRP holds this important base, as the 4-hour candles work their way to the...