Harmonic patterns, Fibonacci, (market makers) and of course bitcoin price action, allows for a beautiful pump and dump to come together.
I find it humorous how coins pump out of nowhere, a day or two after they have reached a extended Fibonacci expansion (1.618/ 1.272/ 1.09935 / 2.618 ect..) Then comes the concurrent dump
* a significant move by bitcoin upper down negates and invalidates this chart
* this chart should not be traded around in any manner, only used as a reference if price action follows the general idea of the chart
Good luck everybody
I find it humorous how coins pump out of nowhere, a day or two after they have reached a extended Fibonacci expansion (1.618/ 1.272/ 1.09935 / 2.618 ect..) Then comes the concurrent dump
* a significant move by bitcoin upper down negates and invalidates this chart
* this chart should not be traded around in any manner, only used as a reference if price action follows the general idea of the chart
Good luck everybody
Note
This could go as high as a wick to $18.25 -$18.5 before it dumps fully - Algos are trickyNote
Unnaturally its price is going up, while BTC and the rest of the market(for the most part) is going down..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.