Dawnchorus

Dawnchorus Updated 

Following up on my previous idea - The stars are aligning for this idea to work out pretty well if BTC allows for it. If we want to follow elliot wave rules, we could potentially retrace to about 62 cents, and cannot close more than a wick below that point to follow EW. The 62 cent area is strong support resistance - and is also the golden pocket. The stars...

Dawnchorus Updated 

Hello! GRT has been wonderful to anyone who has been trading it from below! I have a couple of ideas that I will attach to this one - there are many updates within it, and that is where the good info is. I personally averaged in and have plenty from below, and still had buys below that never went through. I am in the positive now regardless, and this is why I...

Dawnchorus Updated 

I'm calling this a ballsy short because the price action is a little weird with this rising wedge as it was with the last one that BTC was in. The last rising wedge call was a success, and I will attach that to this idea. According to how the trendlines are drawn here, we've broken out of the rising wedge. We tried to regain the trendline and just failed to do...

Dawnchorus Updated 

I am not never enthused about GRTBTC as it was recently rejected twice again by the big downtrend. Fibs show confluence around 1000-1050 sats. Along with BTC being bearish - this shows bearish implications for the USD side of the graph.

Dawnchorus Updated 

Just as the title states, there is some good confluence around 23k with the measurement of the descending triangle, as well as with multiple fib sets. We haven't broken the descending triangle yet, so who knows what will happen. Could we have a short squeeze before getting there? Absolutely! This is the most convincing case that I've been able to come up with...

Dawnchorus Updated 

Unfortunately, it does look like we have a couple of 4 hour candle closes below our symmetrical triangle for GRTUSD. This would make for about a 45% drop to the low to mid 30 cent area. We may see a test back up to about 60 cents to test the bottom of the triangle and the S/R thereabouts. I've had many fib hits in the 20 cent area, too, and I would consider...

Dawnchorus Updated 

GRTUSD still sits in this great accumulation area. It has hit an intermediate term 4.236 square in the nose. A person that collaborated with me on my previous analysis had pointed out that GRT was in a symmetrical triangle at the time, and that is why they could see the 30 cent area. Since then the structure of the triangle has changed a bit, and I have done...

Dawnchorus Updated 

It looks like we are going to probably go test the bottom of our accumulation area in BTC here. 33k looks like it aligns with this rising wedge break-out that we are getting. I may be wrong, but it looks like the market makers want to go test our support below here. Buyers, will you step in? Thanks!

Dawnchorus Updated 

Triple Confluence with fibs right now at S/R close to 40 cents. In a huge bear flag after big distribution pattern. Embrace the bears and cheap Algorand!

Dawnchorus Updated 

GRTBTC is at the bottom of its accumulation zone. I think that they are going to test the trendline again. This will give us the answer of if they are going to bottom it here or not depending on how it reacts to the trendline on this relief rally. For satoshis, I'd say there is a safe 20% or so here around the top of this zone/by the trendline. Assess...

Dawnchorus Updated 

GRT is still in this wonderful accumulation zone, and I hope that you all have had a chance to grab some here. There is a good enough case to say that this is the bottom, but there is also a good enough case to say that this is just a stop before one last washout, too. The Fibonacci's are giving me a good suggestion that these potential ideas may play out. I do...

Dawnchorus Updated 

We formed another lower high, and unfortunately, no recovery rally has commenced. The downtrend/triangular Structure continues. Instead of continuing down first, I am still biased toward having a relief rally before we are to see 20k and below. Right now we are still low volume and sideways. Posting this as an update to the long call that I'd made on the...

Dawnchorus Updated 

Still a strong case we bottomed, but keep in mind that 20 cents is possible still. (maybe even 10/) This accumulation zone is a nice opportunity if the BTC side of GRT can break its downtrend. Accumulating here is still a good idea even if we go lower IMO, and if this is the bottom, you can do quite well for yourself. That is all.

Dawnchorus Updated 

BTC broke from the symmetrical triangle like structure. We could maybe see a move up to 52k, although 48.5k is more likely to test the 20 week MA. There is nice confluence at 52k with the golden pocket. Keep your stop pretty tight I'd say. This is a nice place to long at the downtrend break IMO. Thank you!

Dawnchorus

Bitcoin seems to have followed this fib sequence in conjunction with its rising wedge and Wyckoff distribution top. It appears that we have broken the local downtrend in BTC, and there is a chance that we may go up and test the 20 week MA, which is close to a good S/R area for BTC around 48.6k. We either gain support there, or we fail. If we fail, I've seen...

Dawnchorus

With the BTC side of the graph getting rejected at the downtrend again recently, and BTC showing it wants to dump again - IF the graph cannot hold support at its local bottom - which there is a case that its local bottom is its bottom - then I have a good case that the graph could visit 20-25 cents before we get out of the woods. A possibility is that BTC fakes...

Dawnchorus

If we fail on any sort of rally here in BTC, then there is a case in the charts for a true classic BTC bear market. I'm not certain that this happens, but there is a strong case for it. You should always take this stuff into consideration. Fibs line up with the classic 80-85% correction in BTC for the classic bear market. If this is a huge head and shoulders...

Dawnchorus

Then the 15k area is in play, and we could potentially test the 200 MA on the weekly. The head and shoulders measurement would likely put us just about there. If that is the case, I'd sell the relief rally and then sit on your hands, lol.