1.618 fib extention fundemantals on point is it really this simple? 1 BTC = $1million 10BTC = $10million 40ETH = 10BTC = $10million
entering the mania phase of the cycle biggest mistake is not focusing 100% on crypto for the next 3-6 months "try to catch two rabbits you catch none" Made this mistake in 2017. Not again. no distractions ✓ risk management ✓ tax optimized ✓ here's to a life changing 6 months
same falling wedge pattern break with continuation on interim 1 target is 1.168, stop loss under previous continuation pattern bitcoin sideways, rangebound and permissioning altcoins
target 1.168 stop under previous continuation pattern
good r/r ratio here on falling wedge other similar projects pumping FTT FTM bitcoin steady
just a wild guess feels right given the theme of ascending and descending triangles the past 4 years
falling wedge into rising wedge into symetrical triangle bear for nearly 100 days bull bias now
sentiment awful for 3 months long altcoins is good here
falling wedge likely we break to the upside macro blue sky breakout, dip then green light permission for further blue sky breakout
previous resistance turns support falling wedge down 73% already = good risk reward not to mention sentiment heavily long here with leverage
bottom of range (dubious) falling wedge oversold on 4hour sentiment awful for what its worth I really want to dump everything, which is usually a sign to buy
Bears are getting exhausted Falling wedge Massive uptrend from 4K -> 65k very impulsively Much needed and healthy correction -55% after a year of never testing key moving averages Sentiment worse than March covid lows, majority calling a bear market without a weekly lower high yet You don’t get massive upside volatility, massive downside volatility...
lots of reasons for an upside move 1) down 55% with no signficant bounce to fib retraces yet 2) still in uptrend (until 28k low taken out) 3) overwhelming bearish sentiment 4) lots of cash sat on the side waiting for lower prices 5) every crypto trader is a moving average trader. Everyone calls bear market after 200 daily MA break. What if market wants to punish...
don't think this is likely, but worth being aware of it due for a short term relief rally
'two top' scenario like in 2013 with a big fat ugly 70% correction in between to flush the weak hands
inverse head and shouders falling wedge break uptrending channel with multiple higher lows piss poor sentiment what more can you as for as a bull?
looks good, low risk macro suggest 0.07 eventually stop out below 0.034