Observation continues. According to the chart (fractal), presumably, we are located near High. I copied the path down from Jan`18, as in previous ideas. The main: - Fall to 6800 with a - Return to 8900 and a subsequent - Fall to 8000.. At the same time, the price should not go above 9200.
As we can see, btc are in strong resistance, couse we go to flat. Let's see on story. We are located in July 18 (today Jan 20): Go to 2018 and copy that bull wave with High: And paste it today in prportion 1:1:
On this chart you can see how Bitcoin leaves the triangle and building a new mountain (36k). This mountain will be the Third. On a third High we will get a Trident. Impulse (160k) comes after trident. Both length and height, I measured Fibo, with Tragets - 4236: Horizontal marking - from High (nearly) to Low Vertical marking - High-Low (doubled) from Bottom...
Targets: 1.25 / 1.22 / 1.168 Time landmark: March`20 Distance: 10% Actions step by step: 1. Find a similar fractal on 3H: 2. Copy that on 45m: 3. Paste it on 3H: 4. Let`s apply Fibo on small element. As we can see, target is 423.6: 5. Now apply Fibo on big element on D1. Target is the same - 423.6. But given the different volatility, we may...
Immediate Goals: Target-1: fibo 61.8% - 1.07 Target-2: fibo 127.2% - 1.099
This year we can waiting repited fractal: Trident then impulse. Now we have nice position with small SL. Target I will get 4236 on fibo.
While the cryptocurrency is determined with the direction, I will consider the gold. Gold also has good volatility and tends towards tothemoon. The nearest target is 1360-1400 and near by 1600 As we can see, Gold climbs up the small steps. On one of these steps, presumably, we are now.
Consider two options at the same time. From what we see, a key level has been formed, on which it depends whether the price drops to 120 after 180 (blue version) or rises after switching from 180-160 (orange version) to 200 dollars.
Before going into outer space, we must overcome the turbulence. The red line (0.411-0.425) from which we can bounce is the average is peaks for the current year.
I think that now I can search the price a little lower. That's why I closed some positions.
Consider the nearest Litecoin targets: On 200-250 we have a strong resistance. So first target we define 200 USD. Near by this levels LTC can go into a deep short with the next impule to 600 USD. Why 600? ATR*4 from deepest price = 600. And there are we have Strong lvl 161.8% on 596.
Ripple loves to crawl along the bottom before shooting. Given the likely approximation of Bitcoin to 10K and more, we can assume that the pulsation will reach 0.7, and then roll back to 0.55. Of course, when this happens, it is impossible to say exactly, but with high probability we can say that it is unlikely to fall below current positions. But perhaps,...
Let's apply fractal repetition for chart with rejection of fundamental analysis.
On the chart shows two options of events. The first option is green (continued growth). The second option is purple color (continued flat).
As we can see, bitcoin has started an impulse. Let's forecast our goals. 1-tp = 10 000$ 2-tp = 12-13 000$ 3-tp = 18 000$
It's simple. Let's attach a Binance coin to Litecoin with a 1D timeframe. About the situation: LTC is almost in place, and bitcoin is growing. Perhaps BNB will tell us about a possible option. We'll see. The route is specified.