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FIBRETRACMENT

Moon Targets FET/BTC #FET $FET #FetchAIHere we see our weekly FET chart from Binance . And you can see that colorful Gann Fan indicator on it . You see where that purple X is on the chart ? That's up near the top of the Gann Fan and lines up almost perfectly with the .782 fib line near 11000 sats . That seems like a possible target for early 2022 because it is also brings us to the top of the Gann Fan line. This isn't guaranteed but we are in a bullrun year and FET has already closed above that Cup Handle and looks good for more upside .Soon enough we will be back up to our 1550 area and eventually continue on up. I believe the fibs are our targets here going up. The first fib above us is the .236 fib near 3420 and it will be great to see that area by the end of June ! But let's see . You see our fib above that is the .382 and it lines up almost exactly with the top of that light blue line ! So these Gann fan lines are looking good . Next is the .5 fib near 7077 . Jump above that to the .618 fib and it sits just above another Gann line , so these targets seem pretty strong . Above that is our .786 fib near 11000 . Is that our end target ? For early 2022 ? Maybe but this FET chart looks great ! We also had a Green monthly candle last night and that's good - I think FET will post Green monthly candles for the rest of the year .
by shimmeringpath
4
Are you a HODLER? Hype turn into fear in the blink of an eye!One second you think you've made a great investment, the next fear kicks in. How long do we go down before you get scared? This is a continuation on my bubble idea earlier, where I shorted at 9700. Fundamentals I have already expressed my thoughts on fundamentals in my earlier idea, please check it out if that's of interest. Yesterday we had a big drop in the crypto market. Alts went down harder than BTC. That tells me there is a lot of doubt in the market right now and there may be some major crashes ahead. Technical Previous chart was basically just the standard bubble theory added on the top of the Bitcoin chart. This time I am going deeper into the technicals, looking at how this could play out and what I want do to. I believe the top is in. Major selling, exchanges crashing and altcoin market taking a big hit. We would need A LOT of fresh money to keep this going up, and I don't think its coming in 2017. Now that could of cours happen but we are in a historical pump and betting on the continuation of this pump has major risk attached. If you are new to the space, I'm sorry to say, but you are way to late. I am looking at an impulse wave with a real strong fifth wave, but that's crypto for you, the tops can be irrational. That's why I ended up shorting to early, I believed at the time that the wave had gone up more than enough. Now I think we can see an ABC correction with the launch of futures playing a role. You may be looking at my targets and thinking hell no. It wont go down so quick, we have used a year on this uptrend! It may not, but I promise you it's not unrealistic. We have had a year of new people jumping in each day, and slowly we have gone up and up and up. But when things start to go down, all those people now hold BTC and watch the price. That's the reason markets like this takes long time to build up, and just a few days to crash. When doubt starts to kick in, there is a hoard of holders that bought on the way up, and comperativly few new people entering the space. Now of cours there will be a lot of profits flowing around in the space, but is it realistic to think those profits will support the price? No. Those profits are now profits for a reason and it wont enter before there's a fire sale. So how low do we go, where can we expect support? Its usual for the correction from wave 5 to go down somewhere between the 3 and 4th. That's 4970 & 3490. I am looking to close my short at 5035 USD, and rather add some longs if it goes down to the area between 3 & 4th wave. We aint getting there tomorrow though, so it's also important to look above and see where we can expect a bounce. By looking at the fibs I can see heavy support in the 6000 area. That's also where we stopped last time. That's where the A could stop and we get a bounce before futures launch to get the B! When the futures eventually start trading, shorting kicks in and we can complete the corrective wave and get the C. Experienced Tip! You may have noticed yesterday that selling can be difficult under high activity. Now imagine if bad news come out, the crash would be over before you could do anything. That's why I didnt want to wait for any confirmation before I shorted. It may be impossible when it first happens ;)
BITFINEX:BTCUSDShort
by Kryptokelly
51