The measured move on this latest bear flag lines up perfectly with the demand zone that caused the bullish break on a macro scale/on the monthly chart. That demand zone also happens to line up perfectly with the bottom of the macro GP as well as a macro POC. This is where I would expect to see the cycle bottom and it will likely be an epic swing long opportunity...
ETH Should retrace down to the demand zone of the last low before the break of structure. Anywhere in the yellow box would be a good long, between the 50% line of the demand zone and the golden pocket underneath it.
This is the worst case scenario for BTC, a giant macro head and shoulders. The best case scenario is that we bounce at the macro GP around 9-10k. Based on the S&P fractal (the one from the 2008 crash that perfectly fits our current price action) I have to assume the worst for the crypto market. I was just waiting to see what the "news" would be that triggered the...
This is the worst case scenario for ETH - this turns into a giant macro head and shoulders and completely collapses. Bitcoin has one also. The neckline would be the macro 0.618 from the very bottom to the ATH. Once the SPX starts to collapse (as per the 2008 crash fractal which fits perfectly over the current price action) crypto will go the rest of the way with...
2 Week Chart flashing a bullish divergence as the BTC price mirrors almost exactly what it did in the previous bear market before exploding up to 60k
The other idea & fractal that fits pretty well is this one. In the immediate short term, it would have us retrace into the 1558 demand zone and make a higher low before continuing higher. We would end up in the last fair value gap on the upside that needs to be filled, which also coincides with the macro GP from ATH. You can also take the measured move and it...
ETH is currently rejecting at the GP pulled from the August 14th high to our most recent low, which coincides with the weekly supply zone around 1680. At the same time we have a macro fib time pull, marking off Thursday October 27th as a significant date - typically the fib time pulls indicate either a top or a bottom and historically they have fallen on some...
Bearish divergence forming on 2h at this level of confluence
Another one showing bearish divergences on higher time frames at a critical level of resistance
Another one at a significant level showing bearish divergences
Another one approaching an important level of confluence with bearish divergences
Bearish divergences appearing on a lot of these altcoins after today's pump into some very significant resistance levels. Will be doing a setup dump
We just broke this large bear flag that we have been trading in for a couple weeks. On the daily we back tested the 21 day EMA and got perfectly rejected from it, on the 4 hourly we just re-tested the breakdown which also had perfect confluence with the 21EMA and vwap plus a local golden pocket and we were perfectly rejected again. If this plays out like a bear...
This fractal is replaying and projecting that we are about to dump down from this W to form the inverse head and shoulders which will actually represent the bottom before the reversal. The 1.618 fib level will predict the bottom which just so happens to be in perfect confluence with the last time we played this pattern out. I'm short from here and will long the...
So we have this major upsloping trendline that lines up perfectly and has played significant support/resistance in the past and on top of that we're right in the golden pocket if you pull the fib from ATH to 0. Also there's a bullish divergence on the 3 hour on Market Cipher B which is usually a pretty good sign that we're hitting bottom. We may only end up going...
Based on Market Cipher B on the weekly and the fact that we tapped the golden pocket down here and we held this bottom trendline, it appears to me that we have found bottom. Both the VWOP and the RSI on Market Cipher have started hooking upwards with this new weekly candle and things are starting to look up again. Our last confirmation will be the coveted green...
This 1.618 in confluence with the top trend line provides another perfect short opportunity on Matic, especially with the bearish divergence showing up on Market Cipher B. Huge potential gains and if you play it right, not a very risky trade considering the strong area of resistance we're at
Not only was this the 0.382 golden pocket that I had previously posted but check this out - pull a fib all the way down to the lowest low on the chart and it falls perfectly in the 0.618 as well. I took a long from here as the confluence stacks up and the bullish divergence starts to become more pronounced on the lower time frames