This really is not an accurate prediction or even an informed point of view. Just speculation on the fib timezone pattern of what happened in the 2017 bubble compared with the 2021 bubble. Could things repeat themselves?
Similar to the ETH chart from today, BTC seems to be converging yet broke out prior to the convergence. I assume this indicates that the sideways trail might be coming to an end, but WTF do I know?
Horizontal support lines drawn out last month still seem to be holding, I've traced out the projection lines but frankly feel this is going to continue to go sideways. I am always open to being wrong but interested in seeing where it falls.
It's been a while since I published my support lines for ETH. There is a convergence of upward trend that has been broken away from. I'm curious about that, my hypothesis without any grounds; is that the convergence stimulates a reaction either positive or negative, and my theory is that it does not go sideways. This is not advice or predicting anything, simply...
Following the chart I did recently for ADA, I'm trying to fit the same logic to it, I have scepticism regarding that chart for obvious reasons, but I want to try it on a few different coins to see if it holds any water.
This is a 4hr analysis of ADA. I've started looking at the long term downward and long term upward trend lines (red and green). Understanding that ADA broke below the positive upward and following the downward it finds itself in a wedge.
I have used triangular patterns and Fib timezones, I have no idea what will really happen but the fib timezone (13)...
Tesoz has been failing for some time now, I've drawn out the possible support lines for future trends, all in all, it's not looking great if you were in my position having purchased XTZ a couple of weeks ago, but at least I can see some recovery points.
These are my observations as a noob: I haven't yet looked at Tezos until now, it seems like the fib time zone seems to play a part and the downward wedge also seems (IMO) to suggest an upturn. Let's see how it plays out
I'm following the @Fx_professor___ and adapted to extend the resistance lines and apply it to EUR as that's the fiat currency I'm working with. Please do not take this as advice or even with any seriousness. I have no idea what I'm doing.
