chocobit

chocobit

if bottom is in, this could happen because reasons

chocobit

Scenario 1 (new paradigm) : $BTC confirms bottom with bullish momentum continuation, slay the bears, rekt alt-btc values, FOMO. Scenario 2 (healthy grow) : $BTC re-accumulation in the 4800 range, price consolidates, alt pumps, then $BTC pump to $6000. Scenario 3 (disbelief) : $BTC corrects and retest $4200. Epic bounce and V type bottom. Bounce short squeeze...

chocobit Updated 

Let's see what happen, looks very bullish to me, maybe a retrace to 5800 in a short time, maybe a dump to new yearly low

chocobit Updated 

based on previous runs, several fractals scenario scaled with fib retracement and resistance lines

chocobit

ignore

chocobit

If the falling wedge pattern confirms, we have a up breakout at the height of the wedge (about $5800). If it doesn't break out, we could see a lower low this month. - note: RSI tends to show a small breakout, price rally with growing volume could confirm. short squeeze can still happen

chocobit

If the falling wedge pattern confirms, we have a up breakout at the height of the wedge (about $5800). If it doesn't break out, we could see a lower low this month.

chocobit

Useless chart, ignore. 3 patterns, not even scaled of fractals to try to gauge what happens when DOGE breakout, and when. Bold prediction EOY: 1 DOGE = 1 DOGE

chocobit Updated 

ETH is not the best alts index, it's way too high now for that. Overall bearish on ETH, this is another scenario with a higher trend which might bounce. I still except a further correction, my strategy will be to long that bounce to hedge my short - see other idea.

chocobit Updated 

After euphoria, ETH started to decline, its principal use cases being raising funds for ICO, there are many addresses with plenty of ETH to sale. EOS led the charge by dumping a good chunk of their ETH in the market while EOS was pumping. Indicators seems fine, no bearish divergence spotted in the long term, just a regular correction and consolidation until...

chocobit

Sorry I though I shared that earlier, BCH had the easiest setup for a bounce, and it did bounce. I would stay cautious as I am not sure I'll wait for the resistance to exit, with BCH I never know, and I don't want to baghold it. Nice profits so far.

chocobit

This one is neutral, it depends on the market, I could see it bounces if BTC/USD bounces, but I doubt ETH can rally, I'm bearish on the ETH/BTC value.

chocobit

good risk reward scenario, traders would buy the breakout not financial advice, DYOR

chocobit

Short term trend on a falling wedge, breaking up and confirming Adam&Eve double bottom pattern. Would be confirmed if volume grow and price break above previous bounce (around $370), if confirmed target is $520-$600. True traders would wait 370 to buy to have the best risk/return. Crypto nerds should BTFD.

chocobit Updated 

Wyckoff accumulation pattern bullish divergence spring didn't happen / spring volume happened if true pullback and bouce around 7600 before vegeta bull run - bears would short under 6700

chocobit

This is the most ambitious target, unlikely to happen unless massive alt pump and Litbox adoption, I don't think VTC adoption allows Log scale already.

chocobit

Seems like a massive CnH pattern on the log chart, many traders are calling for bottom.

chocobit

So the pattern I used from august 17 worked well, but the refreshed indicator after 1 month, show that the pattern could be used from last leg. So there's now 2 similar pattern, the green one makes more sense as the correction happens later. Don't trade based on stars or guts prediction. This is all fantasy.