nagihatoum

nagihatoum

An amusing observation, The price action in the big green circle is similar in shape to the price action in the small green circle, like a fractal in a Mandelbrot set.

nagihatoum

A transient zone is a price range where price transited very quickly and did no consolidation in that range. Transient zones are like gaps in CME futures , they tend to be filled sometime in the future with price consolidating in that zone. There are two unfilled transient zones currently in BTC . Both are lower than the current price, which suggests a pullback...

nagihatoum

Currently in a decending channel having broke out from another descending channel and retested it. Should move to the top of the bigger channel at which point the general direction of the trend will be determined with a breakout or a rejection. big move should happen after closing hour.

nagihatoum

Again.

nagihatoum Updated 

Likely to break up more than break down. 10.3k is one of the possible tops from previous idea.

nagihatoum

This assuming there is a drop now to 8.8k

nagihatoum

Where are the tops? Based on trendline intersections and fib extension of the drop from basis to basis, we can see confluence between fib extensions and intersections.

nagihatoum Updated 

Partial fills of the gaps are possible but complete fills are more probable.

nagihatoum

Broke out of a prior triangle in a rising channel.

nagihatoum

Very soon. Rejected by the weekly Bollinger band midline and the daily 200 ema, will probably touch the lower bb rail. Worse case is $14 LTC from previous ideas.

nagihatoum

Price jumping around too much to find a discernible pattern. Roughly it is in a rising channel, and the failed inverted head and shoulders might in fact have been a bearish harmonic.

nagihatoum

The higher time frames gives a clearer picture than the lower time frame price action that has been jumping from pattern to pattern during the day. We can see that BTC has touched the 4H 200 ema and two long term trendlines. A break under these trendlines and ema is ultra bearish and will mark a reversal of trend downward.

nagihatoum Updated 

Target 9470.

nagihatoum

BTC did not form an equilibrium triangle but rather a bear flag/rising channel and it completed an inverse head and shoulders with a target at 9400. Here I try to fit the price action path for both patterns minding the ichi cloud. Of course this path is hypothetical, and can change with time producing new patterns or reacting to different trendlines.

nagihatoum Updated 

Now we have two options for price movement. Option A price refills the gap. I have drawn two possible paths for option A. Or price will choose option B and fill the gap a month or two later.

nagihatoum

As Sari mentioned, BTC loves triangles. This would be the most logical price action after such a brutal drop and it fits the grid.

nagihatoum Updated 

Broke down from the descending channel and now testing channel's previous support. There is chance it goes back in the channel, so this needs confirmation.

nagihatoum Updated 

Arriving at a junction point of resistances.