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At times like these. BTC is anyone's guess.
Therefore, the best thing may be to watch support and resistance zones.
BTC has failed to break 11800 zone since its upward trend twice now.
Has reached 9300 and looks to be going for a second bounce.
Next support around 8400.
If miracle does happen and break occurs. Then next major resistance is 14000 zone.
Having a look at TRX, as we begin March.
Things to keep in mind: a) test net launch, b) coin burn. - end of month.
TRX is tightening in a triangle, with a solid cup and handle forming (See yellow).
I'm hoping that within a week, we see significant increases in value.
BTC has bounced earlier than expected at the 38% fib retracement.
Inverse head and shoulders formed (yellow)
3rd wave prediction at around 18,000
Rumours are speculating, Indicators are strong, graphs are green
Watch previous support and resistance lines for bounces.
RDD is tightening.
It has found strong support and been travelling horizontally.
It has also dropped to 60% fib retracement from last wave.
Fib time zones indicate a change at precisely the tip of the triangle.
Keep an eye out.
As the market is currently going up, and technicals indicate a good buy, I'm leaning towards a positive turn.
Most common levels for retrace is 50%, if not 62%.
Extensions are drawn off the latter (62%)
Wave three most common fib extension is 1.62.
Stubborn TRX has fallen and bounced of a previous support line.
If this continues, new larger scale uptrend triangle to follow.
Keep an eye on support breaks (blue lines).
.382 Fib may be trouble again, as triangle draws to a close.
If so, there's always end of march ;)
ETH has followed through with previous chart.
Finishing of long-term wave 2 and triangle with short-term wave 2.
See notes on charts.
As always watch for breaks in support (blue lines), nothing is certain.
Ascending channel meets strong resistance point.
Has bounced of fib and will hopefully continue until meeting resistance point again (Technicals currently indicate buy)
Watch for break of support line and update stops often
Note: BTC had an identical scenario earlier in the ascending channel when it met strong resistance point and continued to soar. Anything is ...
There has been a lot of argument around whether BTC is currently on a larger downtrend and in a B wave, or beginning a new cycle in wave 1.
Either way BTC has been riding the .75 fan fib support line for some time in an ascending triangle.
This looks to continue for some time yet, but keep an eye out for fib support breaks and the beginning of retrace of ...
XRP has failed again at the symmetrical triangle, following a small drop across the market.
It seems to have found support at the 50% fib extension and .50 Fib fan line.
Fingers crossed we ride this .50 fib line up and begin to see a proper impulse wave
XRP wave 3 delayed after dropping to next support
While there has been a failed break at the 78.6% fib level after triangle point, XRP looks to be gearing up to try again.
Triangle magic. XVG has broken support of the symmetrical blue triangle. will most likely retrace to the green support line of the bigger triangle, where it will continue until breaking through red resistance point.
See yellow arrows of previous and possible future trends.
ADA is currently in a short and long term descending channel and doesn't currently show signs of a break out.
May even retrace to previous support line (red), before we see a turnaround.
TRX has reached the end of a symmetrical triangle and could go either way.
MACD indicates a positive turn.
See fib levels for wave 3, or red line for strong bottom support of smaller wave A.
Ripple (ETH pairing) has found strong support (green line) and is currently consolidating along it to finish wave 2.
Wave 3 will begin once top of resistance line (triangle) is broken.
Remember... "Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5" ;).
Remember to update stops at each fib level.
ICX has seen strong rising support and should continue to rise again, once it reaches the tip of the arrow.
ETH has seen its worst for now, bounced from support and finishing a longer symmetrical triangle.
Larger symmetrical triangle represents a larger wave 1 and 2
Wave 3 long term will see A.T.H
ETH soon to finish wave 1 where next resistance point, larger triangle resistance and smaller ascending meet.
Wave 2 to bounce of support of ...