There is enough convincing confluence in fibs to make a case that GRTUSD has completed its capitulation, too, IMO. There is still a case for lower, but I would make no qualms about buying here. It dropped 83% from its ATH to go along with this confluence, so I'd say that is a pretty strong capitulation with a bit of data suggesting that it is completed. There is...
BTC hit on the money for the Rising wedge break-out into the Elon Candle area. Please reference the idea attached to this idea called "My Worst case scenario before bull resumption." I think that there is a good possibility that BTC goes up and tests the 20 week MA now on a relief rally. This could potentially take us close to 46k-48k. IF that rally does not...
So, I thought that 80 cents might be the furthest down they take GRTUSD, however, they surpassed this point. I'd mentioned 50-60 cents as a S/R area beyond that, and we did in fact go there! Ouch! Attached corresponding ideas to this idea. I still personally think that the Bitcoin Correction is finished - please reference my "worst case" analysis if...
GRTUSD is currently chilling in the big picture 618 pocket. It appears to still be in a large falling wedge. I think that we probably get a recovery rally here, but we will need to break out of the falling wedge, and establish the $1.50ish area resistance as support, otherwise I think that we head down further if BTC continues its sustained correction. I...
We had a big rising wedge break-out in BTC, and here we are! I think that a worst case scenario of 30K is definitely in the cards before we head back up. Here is why: 1. We broke out of a rising wedge, and the measurement of the height of the wedge from the beginning is roughly 50% ish, give or take. 2. There is significant support/resistance in the area...
I'd seen 80 cents as a possibility for GRT previously, and with BTC confirming that it wants to be volatile - 80 cent graph seems very likely. I have a lot of confluence still at the 80 cent area. I am a strong buyer around 80 cents. I will link the previous idea to this one. Thanks!
Hey Everyone! GRT's market makers made it look like they were invalidating an inverse head and shoulders - and then shot it right back up as we entered this new alt season. Now it just looks like a big bull flag, again. I have nice confluence around 4 bucks - I think many others do, too. After that, I am seeing some interesting confluence around the low to...
The Inverse Head and shoulders was invalidated unfortunately. Some think this is a potential triple bottom. From here, if Bitcoin does not decide to push upward - and instead at least goes to test the 20 week moving average - I could see another potential 35%-ish down from current price levels for GRT/USD based on Fib levels, as there is good confluence around...
We are currently completing an inverse head and shoulder pattern for the graph. This has been trying on the patience of anyone who'd hoped that the graph would make its next big move within this last intermediate market period. We have so far successfully held our ground in the final shoulder, where the bears have not been able to move the price below the...
To me it clearly looks like GRTUSD broke out of a falling wedge, and is now in a sideways move. Does everyone agree with this, or do you have another representation of GRT that conflicts with this? Thank you!
Just a quick update - BANDUSD had appeared to have found its footing a bit ago, and it seems to be showing us good market structure. Everyone sees the big cup and handle, and I agree. Also, we seem to be showing a mini cup and handle as we have done yet another small term S/R flip. So, we need to establish support above the $17.80- $18.00 mark - confirm it,...
So, I'd gotten sucked into the false belief that BAND didn't hit an intermediate top when it did. I was fooled by other coins blasting through similar points. All the while I was noticing that Bitcoin was showing signs of weakness, and perhaps reaching an intermediate top of its own. That did end up happening, and we got the corrections in the USD pairs as we...
I have an idea identical to this one posted, but I have adjusted the fibs because they make more sense like what I have them in this idea as opposed to the previous idea. I linked the previous Idea. BTC is currently in a falling wedge according to what I see. It failed to break out of it as we touched the top of the wedge recently. If we are unable to bring in...
BTC is currently in a falling wedge according to what I see. It failed to break out of it as we touched the top of the wedge recently. If we are unable to bring in some volume and break out to the upside in the meantime, I am seeing some nice confluence around 38k-40k, or thereabouts. There is an un-squared/un-fixed candle down in that area, too, so a move...
ENJUSD has been one of the best low cap gems out there! Recently both the USD and BTC side closed with shooting star candles on the daily chart. Cutting to the chase - I would suspect that ENJ could potentially give people an opportunity to get in as low as 28 cents if the stars align here. I'm just seeing a good amount of confluence close to 28-40 cents. I've...
ENJ BTC has been moving nicely this alt season! It has just attempted a push at the downtrend line that it has been in since March of 2019 again, and has once again gotten rejected. The Daily chart just closed as a shooting Star, and I suspect selling pressure. The volume just has not been the same since the initial price surge in late January. The S/R...
Band has been consolidating in what looks to be a big Flag/Falling Wedge. The current fib sequence matches a flag pole of about 66-70% to give us around $28.00. We are threatening a break-out as we speak - buy on confirmation - try and ride it to $28.00 : ) Thank you!
I'd posted about the potential intermediate top coming in a few days ago, and this is still looking like it may play out, too. The fib sequence here seems to fit well. We have a bearish divergence on the RSI on the 240. The volume in the recovery rallies have not been great. We are in what I think is a rising wedge. So, I still am biased toward the case...