there is a possibility it falls below the green box but the calculations of the upper box being the bottom of the current subwave, the blue line being the double bottom and all time low, and the lower green box being 2.62 of the whole wave structure down. dyor but this is a strong looking zone for $ada
graph says it all. purple lines are where it has bounced or rejected on this final corrective wave down. any purple above the current price is now resistance until broken up (then they turn back into support) all blue lines below are support until broken down (then they turn to resistance).
key points that could act as resistance and support. interestingly the bollinger bands on the weekly chart show a top just above the triangle and a bottom just below the buy zone (yellow bar from coin drop in december).
just counting waves and checking where eth stands in the overall correction picture. ovs im of the belief that we still have a strong leg down on most crypto's and with most thing paired to bitcoin the dumps are far from over. the green range is potential bounce zone but my overall target is between the green box and yellow line. blockfolio alarms set, ready...
whilst this is my favourite project that currently owns 20% of my portfolio (and accumulating more) i do believe we need to test the November 17 highs that will act as solid support and a potential lift off zone. until GVT is a fully functioning project (October) then it seems unlikely that we will bull. If bitcoin decides it will move upwards convincingly then we...
although the social media hype seems to be with the bulls the rallys upwards have looked uncertain and been generally weak. looking on the weekly chart we can see that there is still room for bitcoin to make some drops. we have a couple of tests coming up: $5500 would be a double bottom off a low during last years bullrun. $5000 would be support from a high...
obviously not going to happen straight away but you do feel its coming. only thing that may reversal this and take us to $7k first (beofre seeing sub 6s) is the tiny hidden divergence on the rsi, however with the lack of volume it is a sinking ship right now and we basically need to go lower before we can high, i feel if its going to happen then it will be like...
as much as id like to think this bitcoin dump is over i still think we have further to fall. we are basically at wave 4 and i expect a small climb now as we have found support in the $6700 region. after breaking the short term trend line we now have resistance around the $7100 (orange dotted line on diagram) and for the market to feel confident in buying the...
$7400 seems the last call to short before we go down down! everyone has been calling a lot of bullish posts getting the fomo going but it was never going to happen, each wave looked weak and didnt have the makings of a strong run in it. which brings us to where we are today, another serial dump followed by what has to be more blood. the 2 waves shown are the...
we are yet to see a reversal signal on the daily renko, a decent hammer on this daily would signal bitcoin is back. patience is key
im never one to fomo in but GVT did have me wanting to push buy with the release of Genesis Markets this week, but as always my stubbornness to buy when a cheaper opportunity is possible always seems to win (sometimes for the best and other times not). i have been following the gvt/eth pattern for a while as it shows less volatility then the gvt/btc pairing,...
feeling a large sense of fomo at the moment but also expecting another big drop very soon that will will open up sub £5k bitcoin buys. patience is key
fresh perspective on trons Spring 'bull' run. was it even a bull run? yes it gained momentum but barely touched 50% of what it had dropped from ATH. the 1-5 EW was incomplete and dropped off after wave 3 peaked (c of B wave maybe??). Corrective waves usually occur as 335 or 535. With trx we saw a 5 wave A down, a 3 wave B up and now possibly another 5 wave C...
double, triple, quadruple bottom, which one are you buying? anything below this activates doomsday scenario $3000-$5000 imo
its been a tough token to find a bottom for. alot of confusion around whether the ATH was wave 3 or wave 5 but we now have a definitive answer and a full 1st cycle for $gvt was achieved back in march (yay) but that meant we had to correct (boo). fibonacci would expect a typical 50% retrace but without a 'live' product on the table investors have become...
quick new light on the current gvt scenario. looking at my other charts all evidence suggests that this is a wave 4 correction however retracing to to 0.38 of wave 3 pushes my thoughts into this possibly being a full cycle correction. harshly 0024 should be the bottom of a WXYXZ correction and liftoff to wave 5 should be imminent. in an extreme case this could...
but where do we bounce? will it be the double bottom at $6k or will we retrace to 0.263 fib and bounce just above $5k? some charters think we could see as low as $3k as we bounced here before on the way to ATH but i dont see it, anywhere below $6k is a good buy given we are going to $30k (x5 returns).