Just look how perfectly rejected from 1.618 level of fib channel as it did at 2017!
Maybe it is going for couple of corrective weeks and 40 to 50 percent correction.
Currently it's Bearish for short term but I will not Short it. I will wait for a good Long opportunity.
Price has completed wave 3 of impulse movement at 1.618 level of Fib extension.
Now price sitting on a very strong monthly support which has bounced from it multiple times. Also RSI is oversold too.
It's time to make wave 4 to the 0.382 percent of wave 3 at 1.9xx which is a very strong resistance level.
Wave 5 can be completed in 2 ways, first as a truncate fifth...
Elrond is falling for days to find it's bottom. Now TD Sequential shows us a 9th candle and entry signal on daily chart.
Also the price retraced to 0.618 of last bump. And a Doji at the end of trend, this can be a reversal point.
The USDT pair have the same pattern:
Let's see what will happen, I hold a bag of...
Which triangle you will chose? The blue Bullish or the yellow Bearish?
The blue one already broken down and price testing the lower trend line.
Or it trying to breakout from top of yellow triangle!
I will wait to see the price above 10137 (it can do fake out now, it did two days ago) or below 8700.
The small gap at 9865 got filled, the next target can be the big bearish gap at 11599. The price can make a wick to top of channel. I have my own sell order at 11700 (maybe I lower it under 11600).
Then price will go down to fill in the gap at 8488 in middle of Aug.
In 2H time frame RVGI turning upward.
This is just my...
BNB bounced from fib’s 0.618 key level and from bottom line of downtrend channel. Also RSI is very Oversold in Daily chart.
Currently it’s near the center line of uptrend pitchfork with it was bounced from it into it’s bull-run at NOV of 2018.
In weekly chart RSI is close to be oversold, price can touch the center line of pitchfork and bounce from it then RSI...
People are over exited about Inverted H&S formation or Small Triangle formations but they forget the bigger pattern makes the direction of market.
In daily chart I see this " Right-Angled and Descending Broadening Formations " which it can be Bullish or Bearish but in a down trend must of the time it breaks out bullish.
As I see it can breakout upward now but...
Many people are super excited about Bitcoin breakout but they not realize that now BTC acting like shitcoins.
This is very disappointing, this shows there no real interest in it. It's life depended on PUMPs. It is play ground for whales, this Bitcoin isn't that Satoshi Nakamoto liked to be.
A Bullish Gartley pattern is under forming on ADA chart, first it will go down to the Point D . Then it will reverse the trend.
If BTC start it's Bull run in next days it is possible this dip of ADA be the last one in this year.