As I was checking some FIB retracement lines that I drew, I observed a small fractal repeating itself. (I hope the FIB lines are correct) Every uptrend was stopped out at the .618 FIB line of the previous wave... Will this reapeat? my short term target is 6900 area...
Similar setup like in the case of Substratum, before it broke out. -We can see huge volume in the last weeks -> big accumulation. -It formed a nice triangle, lets hope it will break out! -there is a strong resistance at around 0.0013, we could see a correction in this area, maybe a retest of the diagonal support, but with proper volume we should break it on the...
Nice little set up here, we can see asymmetrical triangle formed, no break-out yet. We could see another dip down to the trendline, and hope for a breakout after that! Nice volume also, Large and constant in the last weeks, so big accumulation going on.
We have a simple setup here. Bounced from a strong support zone: 200MA+ horizontal support+ Fibline. Yesterday we had a big bounce with a good volume, but we could not break out of the downtrend. The last time the RSI was this low, we had an all time low price, and the "alt season" was just starting... So whats next? Bounce form the Green area and try to break...
Not shilling, not creating hype, just a small observation from a beginner, looking for feedback from you guys...I have a small bag of ETC but I'm not a long term hodler of it.
I think Stratis will respect this pattern, so I expect a bounce here. I really hope it will break out of the triangle in the next juicy ALT season! Opinions on this?
I expect a bigger dip, considering the crazy pump it had. I like Stellar, but I sold a big part of it in the pump, waiting to buy them back lower...lets see what happens! :)
Ok, so this chart is a little bit confusing maybe but I try to explain my thought process: 1. As you can see I tried to compare the 2014 crash with the latest crash we had. Surprise, it's very similar! I saw this compare first time in a video from, you can find the link below. 2. Red circles : Same pattern ;) We had a ~69% dip, and we bounced back nicely, the...