In two minds about BTC as we have just bounced off a 61.8 retracement on the 11th Dec, which can be found by drawing a fibonacci from 26 Nov @ 12:00 - 1 Dec @ 00:00 We are now rejecting / holding the retracement zone, this can be found by drawing a bearish fibonacci from 1 Dec @ 00:00 - 11 Dec @ 00:00. I would hope to see this sell off up until the EOY until...
Just a cleaner version of my previous chart published. December should be a good month 👍
Same as BTC really: Dec 3rd 123 Day - 12/3/2020 See what happens to Bitcoin
Following my previous 4H chart posted: Taking a buy based on the 4H closing at the 78.6 fib and at the low of the wick to the left creating a head and shoulders formation after a double bottom at support. We are very bearish atm for this pair but with the alignment of fib levels on the 4H chart posted seem too good to not try and trade. I feel $16,500 has...
Look how aligned these extensions are from the current short term pullback were having with the retracements of the $3000+ dump we just had. If this doesn't come through I will be disapointed 🤣 This mf needs to dump already its useless, xrp is ready to take over.
Price is in a clear down trend 78.6 entry -27.00 exit. 4.25 RR
Its about time this dumped, CME gap waiting at around $9,000 im sure. Nice set up on the 4H timeframe at prior monthly candle and wick PA where it dumped from $20k before. Fib retracement aligns with top TL of wedge, want this 4H to close below 78.6 bit of an impulse entry.. See what the week brings, 27th Nov seems a good day to send it.
Currently at the monthly candle closes this huge spike, still think we need to pull back to sub $0.20 before any major $1 moves in my opinion. Either this moons in January or November i don't see it being this year though it would be nice, a cross point has just shown itself now. Lets see if this fib plays out and how these daily canldes closes, the weekly also...
Out of all the pairs, XLM seems to have the cleanest set up for the bias I still have, XRP has done bits this week which I was not expecting but I still dont think this is a parabolic bull run. Another drop across the majority of cryptos abiding by this current fib retracement and hopefully the extension as well being a huge buying opportunity again. If we keep...
Price reached 61.8 & 78.6 retracement zone and took an entry expecting the chart to play out with the fib extensions aligning with resistance and previous daily highs. These highs need to be wiped out before we move lower where a double top structure or similar would confirm this, that would be next week potentially unless we stick with the bullishness. Already...
Using the zones shown with the reasons ( 61.8 & 78.6 retracements ) for them being there shows why we have seen price push up to $0.28500 just now. $0.29999 is a major prior resistance which I could see being tested one more time before a final drop to $0.17000 before we moon in January, hopefully 🤞 Bitcoin should bring down a majority of the market aiding this...
Double top pattern potentially coming thru on this pair at a resistance zone, would await formation of second top before capturing the last leg of the "M" down to the support below / start of pattern.
Little strategy going on see if it plays out were all here for the 1000x, my bet is it happens after the snapshot for Flare / Spark. Fib retracement from the highs in August to the consolidation zone from September - Now, where we are finally seeing a breakout higher. Again I think this is a simple retracement no huge bull run yet, even BTC isn't moving up after...
If this is the retracement before the crash right after the election that would be mint, see what the week brings!
This is bearish af if ive seen this before, lets hope this aligns with our previous chart and $0.175 comes through:
Trendline break and retest on the lower time frames, testing trading 1pm - 3pm roughly with this pair. Currently tapped 78.6 retracement from the huge dump during Asia session, may have just missed the entry though H&S maybe. $ is going down regardless at some point S&P 500 has a similar set up aswell: Not trading with the election so soon owt could happen.