Still following the crash pattern of 2018 and its working VERY WELL. It's a resume of my previous posts with XRP but I'm switching to BTC because it's more predictable. Seems that there is a rejection of the daily 200 MA, + bearish daily divergence. 1. So, we might get back to daily 50MA around 36K OR the previous low around 38888.8888888, this low will be called...
The red dot lines is the path I follow since early July, and the same pattern of what happened just before, between end may and end June 2021 (and 2018 crash). blue lines The support is now resistance, everything below the orange line at .58X is bearish AF green and red arrows are what came last 2018 crash, time is not at the right scale for now. Same for every...
We might be at the green circle ?
Hope this is clear enough. Retest of the lows again, and if people fear a lot, a lil 50% crash by the next week ? I'm trying the short with not a lot of conviction and will buy at 0.75 and 0.50 as described on the chart, still got my trades active from the 0.65. Not a recommendation tho. Be careful. Good luck.
- need to close above 0.59 on the daily - bullish rsi divergences on the 1H and 4H chart Im still bullish, but wow this dump. If we're still going down, 0.5 is the next stop ?
... or not - This strange black trendline - backtest of the 200MA on the 4H - Bullish cross forming on the 4H - the 2 orange ellipses are exactly the same pattern => Blue trendline broke, we go down, if not, we go up ? Good luck
Update from my last post. I'm using 0.81 as a big big support now, For me everything below will be a short (for a court time) and everything above a long. Red: Adam Green: Eve Blue: Possible continuation with a cup & handle Orange: What I'll use as support & resistance TP1: 0.91 TP2: 1-1.1 TP3: 1.4-1.6 Cheers and good luck.
Resume from my last publications and updated the trendlines. Closed the short from 0.94 around 0.85 and added some buys, I think we're still in a bull run so I don't want to short too many times. This is a nice 10% bounce, I would like this to be another big low, but and H&S can form here and we could see Daily 200 MA around 0.7 next week. - Should not go below...
¯\_( ͡° ͜ʖ ͡°)_/¯ Same pattern on BTC and all the alt. Fibonacci seems to play well right now. Let's count the wave carefully. 0.65 and 0.5 still in sight. Good luck.
- Daily 200 MA - Past resistance around 0.65 becoming support - BTC did a rebound on the Weekly 200 MA last week If those levels hold good, we might go up to ATH and even more, if not, maybe 0.5 before. Good luck. TP1: 3.7 TP2: 9 TP3: Sell-off at the EOY
Inverted H&S in the making ? If 0.90 breaks, maybe 0.68 first. Target : at least 3$ Good luck.