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Goldenratio

BTC Binance FUD - 20k or Bear-trap?Bitcoin has fallen over 6% in mere hours after the announcement that one of the largest crypto exchanges, Binance, is being sued by the SEC. Now seems the best time for me to put in buying orders at certain support price levels. I see three Scenarios: 1.The news that SEC is suing Binance will have no short term aftereffect on the Bitcoin price. The price will recover quickly. This seems unlikely based on negative historical BTC events, which are usually followed by heavy panic selling and bear whale market manipulation. I expect the price to be pushed down lower than here. No Plateau continuation likely. 2. I expect the price to be pushed by the bears, towards the Golden Ratio of the Fibonacci Retracement, at which point we will see a hard support level. At this point, the FUD has been likely exhausted and the bulls are back in play. We might Plateau here for a while at 24-25k (+/-0.3k). High probability scenario. 3. We see more/new FUD, which sends the panic selling into overdrive. The Golden Ratio support does not hold. The BTC price will take a hit and I expect this will push the price down to the low 20k's (+/-0.3k). Unlikely, but possible scenario. Next support level will be at 20 - 17k.
BITSTAMP:BTCUSDShort
by BTC_Goldkingcoiner
META eyes on $489.06: Golden fib, Double Top? or Pop to 564 ?META is pounding on a Golden Genesis fib at 489.06. Notice the bottom EXACTLY on a Golden fib at 87.47. Also see the peak at 198.47 and orbit around 309.57. It is PROBABLE that we orbit this fib a few times. It is POSSIBLE we have topped, at least temporarily. It is PLAUSIBLE that it breaks and pops to the next fib. Here is a full view and explantion of the Genesis Sequence: ==================================================================================================
NASDAQ:META
by EuroMotif
2
GDDY heads up at $122.62: Golden fib Triple Top? or Break-n-Pop?GDDY at All Time Highs right up against a Golden Genesis fib. It has tested three times now, now looks likely to break out. I prefer a Break-n-Retest entry, others might take the break. Next fib is a big jump, so need ample fuel before attempting. It is PROBABLE that we break and retest a few times. It is POSSIBLE that we pullback from here to reload. It is PLAUSIBLE that we have topped and start falling. ======================================================
NYSE:GDDY
by EuroMotif
ZRX.usd eyes on .9873 for possible Bottom and scary Long entryThis is a followup to my Top Call (click) . ZRX topped at a Golden fib as posted above. We have now dropped to sister Golden below. This would be a good spot for bulls to step up. It is PROBABLE that we orbit this Golden for a while. It is POSSIBLE that we bounce here and resume uptrend. It is PLAUSIBLE that we break below and continue down. The velocity of last leg down looks scary. The Golden Fib did abruptly stop the drop. If it fails then look to each fib below next. Last analysis that nailed the top: ================================================================================================
COINBASE:ZRXUSD
by EuroMotif
1
BTC retrace RoadMap updated: 52.8k reinforced, 48.5k possibleUpdate to my posted call for 52.8k target and resistance (click). BTC hit the Golden Genesis fib at 52.8k and is staggering since. It still appears very bullish, but bulls are clearly struggling here. The longer it hovers below the major fib, higher risk of a drop. Golden fib at 52,838 is now reinforced by local fibs for stronger barrier. There is a new resistance in the 51.3k area to make a possible lower high. Best guess for retrace is just below 50k to take out stops before resuming. $ 51,248-369 is the key resistance which we may orbit a few times. $ 49,704-924 is the current best guess for retrace target and bounce. $ 48,553-764 is very possible as the endpoint of the last wave down. The "speed brakes" are minor fibs that should slow or stall the move. "Critical Support" at 48.090 is the nearest Genesis fib that must hold. =================================================================
COINBASE:BTCUSD
by EuroMotif
1
UPS eyes on 158.10 above and 150.74 below, into earnings reportUPS is hugging the underside of a major fib. Today after-hours will be an earnings release. What happens here could mark a turning point. See if breaks above 158.10 or drops to 150.74. Highly enthusiastic target above is around $170 Very bad news like FDX might target $139 below. (Drag DOWN on the price scale to see above/below) I have no idea of the fundamentals of this corp. I am presenting only the current technical stance. Hopefully you know/own UPS and find this helpful. ==================================
NYSE:UPS
by EuroMotif