crypto_gunther

crypto_gunther

Posted for observation.

crypto_gunther Updated 

If and only if the price respects the blue support then it had better be true that the price will reach $4,704.97 by June of 2021 or before. Obviously, if the price breaches the blue support then this idea is invalid. Think long term. Who cares about short term meager profits! Take the number of your MCO tokens and multiply by $4,704.97. Write that number down...

crypto_gunther

Highly speculative idea!! This isn't investment advice. The purple fractal represents how the price moved from 7/31 - 8/29 in 2017. By the way, the price went up about 36 times in value during that period which is absolutely insane. Will we see something comparable or something completely different? Let's observe the market and react accordingly.

crypto_gunther

The chart features horizontal support for the bottom of each correction.

crypto_gunther

Notice how MCO has higher lows after each brutal correction. I have calculated the increase from low to low. If this trend continues, then it would imply that we have already reached the bottom or are very near the bottom. Based on this analysis, the maximum low for this correction is 86,568 sats.

crypto_gunther

If the upper green support is violently broken then it is possible for the price to dip to lower green support.

crypto_gunther

If the upper green support is violently broken then it is possible for the price to dip to lower green support.

crypto_gunther

If the upper green support is violently broken then it is possible for the price to dip to lower green support.

crypto_gunther

If the upper green support is violently broken then it is possible for the price to dip to lower green support.

crypto_gunther

If the upper green support is violently broken then it is possible for the price to dip to lower green support.

crypto_gunther

If the upper green support is violently broken then it is possible for the price to dip to lower green support.

crypto_gunther

If the upper green support is violently broken then it is possible for the price to dip to lower green support.

crypto_gunther Updated 

The price is trapped in a falling wedge which is a bullish reversal pattern. The buy zone is indicated on the chart.

crypto_gunther

If the upper green support is violently broken then it is possible for the price to dip to lower green support.

crypto_gunther Updated 

This chart looks like chaos but it is useful in determining points of resistance and support. Each diagonal line is super precise. Meaning, each diagonal line is drawn to connect either two highs or two lows to the exact satoshi. Each line is extended to negative and positive infinity which is helpful since broken support becomes resistance in the future (and...

crypto_gunther

The price action is bearish at the moment but not for long since it is trapped in a falling wedge. A falling wedge is a bullish reversal pattern. The best place to buy is in between the blue and green historical supports. Demand is very high in this area! A Bitcoin icon marks the buy zone. The price may fall below the falling wedge which is normal. Also, we...

crypto_gunther Updated 

Which path will the market choose? I think the uptrend channel is the most probable path. What do you think? I appreciate your comments.

crypto_gunther

Wave 3 sell zone.