KeepItSimpleOrNot

KeepItSimpleOrNot

Trump getting elected clearly has impacted the market causing a massive rally. I predict that there will be a retracement to find some common support before it likely goes further up. Low time frame charts are not ideal, but in volatile markets, they can give you clues as to how price will break. Obviously longer time frames have precedence over lower time frames....

KeepItSimpleOrNot

Long, medium, and short time frame fib circles show that we may be at a pivot point. In recent run-up since last march we have rocketed through these points to new highs, but BTC seems exhausted with volume falling off. Whether we pivot or not should be apparent by the end of march when volume spikes. Circles are freshly drawn, so they may be off by a tiny bit....

KeepItSimpleOrNot

The Orange Fib seems to catch tops especially well. The white fib is a new one that needs a little tweaking. I think BTC is in a clear bearish structure as it shows lower highs from June 2019-Jan 2020 *current month*. However, I think we are starting to hit key buying points and the FOMO is strong with the halving coming up. Long-term I see btc continuing to...

KeepItSimpleOrNot Updated 

The light yellow fib has been catching tops as outlined in black. We broke through this as outlined with a "!". I predicted chop for awhile. Everyone is saying it'll go up, but I'm seeing signs of a dip before hand. For example we just got rejected off the 100 ema on the 4 hr. Are my ideas shit?

KeepItSimpleOrNot

The more confluence, the better your odds. I took out a few fib circles and circles the important resistance points. I know btc is going up now, but I think a dip is coming soon. Whether or not to buy that, I need to think more

KeepItSimpleOrNot

If we reject off of the 200 EMA on the 15min chart, look out for a leg down into the low 10k's

KeepItSimpleOrNot

As you can see from the light yellow fib circle that has caught the past 2 previous tops (marked with blue down arrows), we broke through it (marked with blue exclamation point. However, after breaking through several resistances, it seems BTC needs to retrace a bit. Update will follow.

KeepItSimpleOrNot

The fib circles and pitchfork pretty much speak for themselves. Circles are not perfect, but are pretty close to targets and pivot points.

KeepItSimpleOrNot Updated 

Orange fib might be a little off but I think the rocket through fib .618 (orange) was intentional. 6945 seems like a somewhat likely bounce. examine these 2 fib circles and the retracement + 13, 55, 100 ema's. Paints a very nice confluence and where we are headed next (down), but with possible swing trades