alphawolfy

alphawolfy

Analysis: Downtrend validated by Lifetime fib breakdown 0.618 @ $141.81 Golden Ratio lifetime fibs 61.8% and 38.2% GANN breakdown of 2/1 sends price to 3/1 Continued downtrend shows confluence of support and indicates bottom @ 4/1 1st Target BUY level -- $94.36-97.47 2nd ALL-IN BUY level -- $68.90-79.81 @ 8/1 GANN line Must break out of golden ratio to confirm...

alphawolfy

Remember, trade and/or invest at your own risk. This information is presented for educational purposes only.

alphawolfy

if you draw a time based fib from 5.8k resistance oct 2017 turned support in 2018, accumulation should last a few more months with sideways range - new moon eta January 2019 though bb contraction and tax sell-off could push a significant move earlier. but if we break down, the weekly 200 MA @3k will be strong support. Rarely in the historical data has btc...

alphawolfy

Prepare for a flip in psychology. Traditionally a descending triangle is a bearish continuation pattern. Chart patterns are merely a representation of psychology. The further the pattern completes the more the psychology changes. Typically a descending triangle has the highest probability of bearish breakout at 2/3rds from completion (Edwards and McGee, 1948)....

alphawolfy

Monthly Long term play; pitchfork - 7-9 month adoption cycle breakdown of upper trend (blue area) in december 2017 will spark sell pressure bounce expected at median trend line (red) median trend supported with long-term trend line (yellow) 9 month close EMA provides additional support (green line) if red and yellow trends lines are broken, expect massive sell...