JustFish

JustFish

I really like this pair and think swinging between the two this year will be a good trade

JustFish

Chart to test an idea

JustFish Updated 

This chart studies the magnitude of a previous move and used those proportions to hypothesise the magnitude of time and price of a possible move to the upside. January is massive for Power Ledger, Las Vegas CES, Richard Bransons top tech co.s, Doctor Gemma Green (co founder and chair) speaking at an event parallel to the World Economic forum in Davos...

JustFish

Plotting targets and scenarios Ive been playing with into the charts using Elliot Wave and looking at trend-lines and trying to decipher the mystery that is Bitcoin. Pure speculation ofc

JustFish

Comparing this sharp wave down Ive found it's of a bigger scale than a similarly sharp wave down in mid June. Some possible targets sit in the 370-380 area. With the volatility of liquidating longs and margin calls on BFX (as seen a few days ago) it cant hurt to have some bids in that zone waiting for another possible spike.

JustFish

Looking at similar waves patterns in the charts and studying these channels It certainly looks like we are headed lower after a possible bounce to the 550-555 area. Targeting 490 to take profit. (a number that keeps popping up in this and other fib studies)

JustFish

We couldn't break out of the larger channel (yellow) and broke down out of a wedge. Like a similar pattern and setup we had a sharp fall. I think we'll be in a similar steep channel down for a few days. Looking at targets 555-550 for small bounce and then 540-545 for a bigger bounce.

JustFish

Studying the 2 patterns (cyan dashed) the triangle being formed has a more bullish angle on the underside and could be a symmetrical triangle. We may have another crack at the top of the channel (yellow). If we can get through the channel (aprox 593-595) I think we'll go on to try crack 600 (I'm targeting 608-610). If the retrace is not too large (say no more than...

JustFish

After looking at the burst from 574 to 586 I readjusted my targets and I think we may test 600 in the next 12 hours. After a pull back we may take it out but think we wont get past 610. Its possible we will slowly descend just like the move around 19th July after we hit 633. After that move we slowly fell to 620 zone then eventually had the dramatic drop to which...

JustFish

Bfx broke 579 and touched the OTE (70.5 retrace). If we do in fact eventually break upwards from there I've used a fractal relationship from a previous move to calculate some possible upside targets (same factor as the superseded chart just using 574 as a starting point).. 585, 590, 593 then a sharp drop to 561-562 followed by a big move to the upside (or the...

JustFish

If 579 holds I can see 3 waves up to 595 to touch the trend line then a sharp drop to 566/567 followed by a big move to the upside. ***Please note. After looking at other fractal patterns in the the charts I think we'll re-test 600-610 but will break down afterwards. Please see my latest chart. ***

JustFish

c Possible fractal

JustFish

Identified a fractal. Same break out of falling wedge then into possibly another falling wedge. Completing the 'W' pattern that CRInvestor and DanV were showing on their charts. This move is aprox. 1.235 bigger than the move on July 10. The first part played well

JustFish

I found some similarities in the candle structure and price action to the highlighted move around July 10 this year when compared to this recent price action. July 10 was a local low and a break out of a falling channel. If we can eventually break out of this downward channel we may have a similar price action. By studying the first move from the low from July 10...

JustFish

Similar price action to early May

JustFish

Similar price action to early May? Possible prelude to a big move

JustFish

Similar price action to could be a prelude to a big move

JustFish

BTC Fib confluences. Studies of fib retracements and extensions. If 550/540 area doesn't hold it could get ugly. 510 has some nice fib confluences and could act act support. After that there is a lot of Fibs landing in the 477-471 area.