ZaPHoNiX

ZaPHoNiX

Looks like a nice descending wedge forming looking at the four hour. Hoping if it completes I can take some profits at $1.26

ZaPHoNiX

Looks like a lot converging on this next support. Could be the deciding line. The only thing that looks bullish is BTC's weekly RSI is below 50 and dropping nicely.

ZaPHoNiX

Up or Down?

ZaPHoNiX

I haven't seen trading on MATIC this low is a long time. I'm beginning to feel like I'm at the party alone.

ZaPHoNiX

It's going to be dicey but I have a feeling there's a whale out there somewhere who's going to rain on the Bulls.

ZaPHoNiX

Please don't rely on this analysis.

ZaPHoNiX

Revision to my previous theory

ZaPHoNiX

I wonder if I see deja vu. As the days go by and I get more data I'll be updating my half baked theory ;-)

ZaPHoNiX

This is getting hard to pin down but it looks like another breakout. Other thoughts?

ZaPHoNiX

I've been noticing a pattern and wondering if it's going to repeat so long as BTC behaves.

ZaPHoNiX

It's been a struggle but MATIC did it.

ZaPHoNiX

I think she needs to pull back to take another run at it. However, I'm being very cautious watching BTC because every time BTC takes a dump altcoins smell it.

ZaPHoNiX

So far MATIC has been well behaved. I hope this continues while I wait for the MACD, RSI to empty out. This is my updated analysis. Hoping it plays out closely and will be drilling down to the 30, 15, 5 and eventually 1 min the closer I see it.

ZaPHoNiX

I think we may have a descending wedge forming

ZaPHoNiX

If this plays out I'm hoping to grab a few takes on the oscillations inside this consolidation which fits nicely within my 20% rule. I'm hoping that by the time it gets to the end the RSI and MACD have cooled off enough to go for another ride.

ZaPHoNiX

This is my theory if Matic stays true to it's previous activity. If BTC doesn't do anything radical in the mean time I think the next run up could be even larger than the previous two we've just experienced. I however diverge to the experts I follow however and anxious to see their analysis. Happy hunting everyone.

ZaPHoNiX

I think it's time to cool off a bit for some consolidation then another run.

ZaPHoNiX

GET OUT PEEPS, SHE'S CRASHING!!!