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Fibonacci Circles

Path of destructionThis is a bit more detailed study derived from "Draft I: Total Destruction" and "the very BIG picture". Bulls got killed in action after its ultimate support got broken and market is now mirroring the last leg when it got to 6K. I used the exact same non standard technique to get to 6K now in this study it is showing something between 6.6K and 6.5K depending on your exchange. This time market should go to extended levels after some bounce and again non standard fibonacci levels point to 5.1K / 5K with 4K still unclear as a target, so step after the other, let's see how this unfold. Fully shorted, alts included !!
BITFINEX:BTCUSDShort
by bitcoin
1
Time has come +126%Ok I missed it several times on a row but NEO is looking like reverting from a break down on the 0.5 retracement fibonacci, which means it setup a bear trap and is going bullish. But I am a bit ahead of myself here because it didn't crossed above the 0.5 level. It may just test it from the downside and resume downtrend but the risk reward ratio is way higher for a bullish move and this is just a possible setup that might occur or not. The strategy is to buy by crossing above or short if the test fail, just put a close stop loss in order to make for high risk return so if you are wrong you will loose too little but if you right that's 126% percent profit waiting for you to pay any other losses and make your profit/loss ratio even higher.
BITFINEX:NEOUSDLong
by bitcoin
About XRP spike/recovery +6%XRP default recovery is the 0.382 Fib, so the most conservative strategy is to wait it to go there. After this we can monitor If the very long ABCDE correction is finally done or the wait is just half done. In another idea XRP is aiming for 60 days of correction, trying to mirror the past history. But market is a living thing and may not opt to reproduce history this time. So let's wait the spike and see if it is the start of a new proper run, or just some needed bounce. Zoom:
Long
by bitcoin
New setup +19%NEO is tricking going against BTC, looks like it wants to shake things before moving, our previous setup got invalidated. This new one is another eager analysis, to monitor a bit waiting for confirmation before entering. Myself is already in since last idea, so this setup is for people who may want to get in. NEO looks like made a pivot, it is not confirmed yet, so if it start going bullish from here it will probably follow the setup with first target with 19% profit from here. Let's wait a bit and see !
BITFINEX:NEOUSDLong
by bitcoin
Route to 16.9K +50% 22daysLooks like crypto market will give a chance for almost everyone who bought at higher level to break even or profit if this perspective materialize. As always this is not an attempt to tell the future, just some base for risk management. Market will always trick most people and go for unexpected paths, so this vision will need several adjusts on it's course. After several charts on altcoins showing very big gains, a wave 2 was spotted on BTCUSD so this is time for wave 3, the big wave ! And I expect it go at least to standard 0.5 Fibonacci ~14.5K but setup a big bull trap above it by going 14.8-15K them we can either go for another market crash or just a wave 4 and finally wave 5 where it can go extended or another market crash !! The year completed just 2 months and a lot already happened with very wide swings and who knows there is a lot still to come like a possible 32K or a crash going to 4K.
BITFINEX:BTCUSDLong
by bitcoin
1
Timing is everything +72%Some big coins got forgotten with all BTC attention, one of those is Cardano/ADA. I have tried to get it's timing but got a stop loss. So this is my second guess. As you can see ADA reached a region which on the past got some time to break out. Based on this and our 1.618 Circle Fib the time for a bounce has come. At least let's monitor it a bit because catching a falling knife is not that easy. About the bounce, the most conservative one is a return to the 0.236 Fib which looking on the past was a very important level with lots of support and resistence there. And just this is a might +72% against BTC, anyway the important thing is to get some profit, even if it is just 5%, all profits are welcome here ! I am not buying right now, will just monitor a bit and get back here if things start to move bullish.
Long
by bitcoin
1
A retest from the upside, "where the game will change take 2"BTCUSD is not that clear at this moment. There is too much harmonics and find the right one is hard, so I zoom out and back in to figured out what is the strong signals. From my previous idea, where the game will change is a zone between 9.2K and 9.4K and after passing it and going to 11.7K, daily mean, market is back to retest this zone from the upside. So again this is where BTC battlefield is gonna happen, breaking down this zone will lead us to 4K, a second crash in ABC formation while a support will lead us to higher levels like 12.7K and 16K. The following chart is a possible scenario heading to 9.4K for a first hit on the battle zone.
BITFINEX:BTCUSD
by bitcoin
4
+27% 3 days only the choosen oneOne thing on this chart: it was made entirely on its own, if BTCUSD go another path and make things brake here, it is another history that risk management will take care. You can put you stop just below the last low and keep it moving if market moves bullish, this way even if the market revert or BTCUSD brake things here you still get out with some profit. Keep in mind that markets is not a game of who get the perfect target, the important thing is your ratio profit/loss ! Target on the green flag, fibonacci level 1.0 !
BITFINEX:NEOUSDLong
by bitcoin
1