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L Spring 19
H Summer 22
DOGE seems not to be tangible on any of the typical chart analysis tools - triangles, channels, horizontal supports & resistances and all you learn in your dirty hell boring old text book! It is however reactive AF!
You also can not put DOGE on the short term - Highly swinging, no supports other than the zero - That f*ck of a f*ckin' indian jungle fly stinging ...
As noted in my previous IOTUSD analysis on the 4H IOT (IOTA) liberating from BTC, the downtrend resistance (further solid green bold) acted very strong in the latest price follow through. A boring side move-out of that resistance from Apr-02 to Apr-12, though luckily confirmed as support at Apr-04, while sametime stealth-like playing under the 100% retracement, is ...
After retesting the fib 100% retracement IOTA cautiously seems to confirm a bottom at $1.
Obervations adding credence are:
- volume picking up at the full retrace retest
- IOTA acting as the seemingly only exception in all over cryptos BTCUSD price correlation
> uncoupling contrariwise since several days / missing out the March 16-17 down extension of all other ...
Additional to my related linear trend analysis (see https://www.tradingview.com/chart/IOTUSD/i85Rih63-IOT-IOTA-liberating-from-BTC-dominance/), we can see IOTA also acting strongly along macro logarithmic downtrend channels, where an upbreak into the next level seems due.
Like the previous OMGUSD channel from my analysis begin of March following up played out perfectly (see https://www.tradingview.com/chart/OMGUSD/GVekyKpr-OMG-OmiseGo-tunneling/), we can see OMG now opening a new channel in a sideways progressing.
Thus I'm keeping the exact same downtrend channels on the linear 4h (purple dashed) extended to the right, while ...
As noted in the previous example on OmiseGo OMGUSD (https://www.tradingview.com/chart/OMGUSD/GVekyKpr-OMG-OmiseGo-tunneling/) also on XRPUSD we can find some nice alternatives to current #crypto's "H&S-only" focusing - View the macro in channels.
If you're currently lost in all over #crypto by everywhere predictions of H&S, invertedH&S and confirmation or not, just try viewing in channels.
In example of OmiseGo (OMGUSD) on the 4H advance
BTCUSD is potentially building an inverted H&S pattern
Stops to watch out for at:
a - 9500 direct shot (aligned with SEPT-NOV lows trend - red dotted)
b - 7800 correction
c - neckline retest + confirmation?
d - technical H&S target 12300
c - failure here (aligned with Dec-17 and Jan-6 downtrend - bold blue)
e - bear market
BTCUSD on the 4H is about to invalidate an apparent huge bear pennant (blue) with a massive down taget in the $5000s.
To be maintained formations are:
- Bear flag (turquoise dashed) with rejection target at $18000 -> resulting bear target in the $9000s
- Two month uptrend median (purple dotted) rejection -> possible further pennant building
BTC on the daily (D) macro logarithmic with parabolic trend
What we saw in the most recent move was an unprecedented bullish exit move of +45% out of a parabolic trend! =BUYTHENEWS - CME/CBOE futures
With the also unprecedented first time implementation of futures into crypto market itself it is entirely possible we could see a -45% mirror of this move to the ...
On the BTCUSD daily macro (D) over the last year, we can see specific repetition on the Fibonacci extensions
1) After each of the 3 major ATHs (3k - 5k - 8k), we see: (left aligned & colored fibs)
a) Fib 50% down correction
b) Fib 200% up correction = next new ATH> 100%
2) Aligning last ATH> (8k) 200% extension with new 100% postulation, we see: (right aligned & ...
Ethereum finally refills the long expected gap from $200-$400
- Resistance at $400 is very strong, as two times in its lifetime rejected violently
BULL targets differing on the meaning of significance:
- TECHNICAL (May/June follow up) = $700
- PSYCHOLOGICAL (all time follow) = $800 (200% fib)
(The width of the target bars shall not be seen as time periods to take ...
- NOV-14 - NOV 16 bull move played out $1500 ($6500 - $8000)
- Technical repetition is $9250 = target of yesterday's confirmed pennant from $7750
- Target = touch of the upper parabolic channel limit (black)!
If THIS plays out, be aware!
> significant break through $9250 right the way and a 1h-4h close above it will directly bring us dangerously into ...
Ripple faked us out 3 times after another since this summer
But don't lose trust! XRP has times to come
Yesterday's (2017-11-16) American Express announcement has value:
Basically it said XRP as a currency/vehicle was noch (yet) integrated, rather than ...
BCHUSD finds consolidation in the lower 1000's
MACD + RSI sloping down since breakout correction - bulls stength weakening!
BULL scenario (less likely):
Technical bull pennant would send us to the 127% fib target / 3400
Unlikely scenario of ~20/80 in the current crypto market, where #BTC shows strength + alts on distribution with bull tendency
DSHUSD breaking out of long term descending triangle from Aug-17
- confirmation on end of day close above trend line
- target $82
If <1/2 EOS on the micro (1H)> (see link) applies, then we see the major resistances up on the fibonacci trace ...