DanielDyer

DanielDyer

Four different fib fans.

DanielDyer

Just some levels to potentially look at.

DanielDyer

kinda floated out of the most recent channel, a lack of buying interest forcefully pushed it down to the bottom. I think fundamentals will decide where we go from here, and if it's down, I'm targeting those bright blue lines.

DanielDyer

Currently very neutral. Should interact with the horizontals and fan lines in the coming months.

DanielDyer

A break below .0101 should break down to at least .0092 (-13%) with major support at .0088 (-18%) A break up here will bring us to at least .011 (+10%) with a chance to test .012 (+13%) I believe that BTC will stagnate and range between 7700 and 8700 for the next 8-12 days which should give some time for money to creep back into the alts.

DanielDyer

If we follow this fractal, We are in for a few months of grinding down. The fundamentals could absolutely change this, but it's something to consider. We should test and reject 10k for this to be valid.

DanielDyer

With all of the lingering fud, I could see this being a good point to go up from. I could see this pushing up to about 9500 to touch the fib line.

DanielDyer

Bullish Gartley shaping up perfectly. Buy targets around .0293 - .0295 BTC. Disclaimer: I have very little experience in TA, this is just an idea.

DanielDyer Updated 

Hello! A lot of support around $9200. This inverse head and shoulders is lining up with a bullish Gartley. The Fib levels put us at $9,900, and $11,200 on the speed resistant fib. The standard fib puts us around $11,400 and $13,000. All in all, this seems to be a very possible pivot point.

DanielDyer Updated 

This would have us going dow to $9200 and turning bullish. With the sentiment of us dropping hard, this seems like a reasonable play. This would also complete the inverse head and shoulders. Signs point up at this point. $12.7K would be a reasonable first target.