Looks to me that the big fish have been unloading there nice 170% profits here. I think we will see a correction to the 79% fib and below for the stop hunt then we keep progressing up. Just my 2 sats.
My Fibs origin is at 0.0000001 due to the airdrop to the community ONT had performed very well during the bear market but unfortunately, I see a long way before we hit the bottom, Volume has dropped by 75% and the market is being dominated by bots so they will dictate ONT path. We saw a decent little bounce today as bitcoin began ranging sideways and the sellers...
Fractal playing out very similar to the 3 previous dips. The 1st dip saw a retracement of 0.382, 2nd at 0.618 and I am proposing a 3rd at 0.786. The 3rd fractal seems to be playing out a lot faster than the previous 2 which may cause a faster dip to fill our bags. RSI on the daily is oversold, and considering ONT's performance over the last few weeks a healthy...
I will keep this brief as I have already tried to publish this once and lost it all.
Volume has dropped from 15 million to 6 million - coming to a decision point. Long-term buy and sell walls have decreased slightly possibly getting ready for an important decision point
Formed a descending Triangle and close to the apex
Dropped below the 50 EMA a big sell of...
Forming a massive head and shoulders on the daily and 4 hour, Volume is dropping as the right shouler is forming. I wouldnt be suprised if we move a little higher to form a better looking shoulder on monday. Stoch RSI is increasing to overbought if we get the pump we could see it fall heavily oversold.
Considering ONT market valuation i can see this run coming...
![ONTBTC: ONT bear run over, enjoy the short sharp dip. =]](https://s3.tradingview.com/n/NonTViPu_mid.png "ONT bear run over, enjoy the short sharp dip. =]")
