Just going off observations, this is a guess of what alt coins will do something like in the short term.
Variation of my last btc chart, with added sub parallel channels within the potential top channel from previous charts, and new projected top number around 81500, if it doesn't continue to keep selling off from here.... just guessing tho
Just playing around with my first original btc chart for fun and adding on things i'm just guessing may happen from here, if it doesn't crash from here because of Powel or something.
I just made a trend line from the bottom of the beginning of the chart, then used the fib tool, but brought the dotted line on fib tool in alignment with the trendline (probably not normal way it is used but IDK), and kept extending it out until I reached the top of the price range tool I had already set up from the 2022 bottom candle to 416% higher (5.3 equation...
No experience.... But, just going off visual trend lines, and putting the fib retracement tool dotted line on same trendline. Then parallel channels trend lines on potential up and down paths. With the keltner channel overlay
same as my 3rd and 4th, just another hopefull scenario lol, no experience and no TA education.
Same thing as my third, just a different guess on the forecast
Still never learned TA, but just going off the keltner chanel, fib replacement thingy, trend lines, and crypto crew 5.3 equation. Along with an imaginary what may happen next, totally guessing. So yea
A fib range from previous trend lines, expected to be in buy zone where it goes up, but my opinions are based off my slim to no experience so yea
I have 0 TA understanding, but its going box by box triangle by triangle