Magic circles worked all previous times. Will the work this one? Who knows, who knows. There are more questions, than answers.
Just draw Fib circles from the downtrend and from the uptrend. You can see, that both resistance were broken. Also 200MA was crossed. And mirror line, which was described at this idea : The patter called :Wide Mouth Openning, which means huge potential for price. Global idea :
Breaking Fib Circles 2.618. 20MA almost crossing 50MA. The lowest volume. Breaking Triangle. You know what it means.
During past days Stellar shows nice dynamic vs BTC. For me final signal will be crossing mirror line demand / supply zone, which now coincides with 200MA, that is also important key. Very long phase of accumulation. Potential is enourmous. Global idea :
Pattern, which I called "fish tail" can be seen almost every time in alts chart. Localy, retracement ends at 0.618 Fib. This time the same. Next possible local stop is around 1.8T.
Comparing 12-13 year cycle and 19-...present year cycle one can see some interesting coincidence. What are used : -Fib circles -Top Cap indicator - Fib levels up to 10.618 As you can see, 12-13 cycle has 2 peaks, that can be found using 10.618 Fib level of last major downtrend. If we assume, that this cycle started in 19 year and use 10.618 Fib of the first...
Falling wedge and then 1.618 target. As simple as that. Very likely.
Yellow line - 200MA White line - 50MA Basically similar fractals, and mirror line resistance/support. Add to this 1.618 Fib from global downtrend to find possible next target. Surprise - same picture. For now it only depends on BTC.
The point is that price has 2 phases (aka Wyckoff theory) : accumulation and distribution. Previous cycle of phases the prica has passed. So current phase is accumulation. Using 200MA we can see some similiarities with last phase. Also Fib circles used for searching possible ressistence. I am long for Tron. vs BTC :
Bull market support band - combination of 20MA and 21EMA on the weekly. Add to them Fib channel and same level of 0.618 Fib of the last zone of accumulation, one can make simple conclusions. Maybe, that time will be best time to buy. Or the worst one. If this idea won't play out - will be me last one for supporting future bull run)
Just my little observation considering some Fib levels : As can be seemed, BTC met resistance in 0.236 of Fib channel of the whole trend and in 3.618 of Fib circles of the last local. Do not think, that it is heavy levels to break out, but BTC needs to overcome them now to avoid local downtrend. But even if we get some little retracement, assume that price won't...
Possible Livermore Accumulation Cylinder can be seen on chart of Zcash (and some others alts, btw). Already made similar idea with Fib circles, but didn't know, that it is called that way : Also, chart vs BTC shows consolidation and attempts to break downtrend line :
There can not be more reasons to be bullish : 1) test of 21EMA 2) test 0.618 Fibonacci 3) returning above 200MA 4) Golden Cross 5) Volume shows that below 42k no one wants to trade
On a 4-hour chart XLM has already broken and tested lower line of flat zone. Considering, that this zone for bigger move - it can be nice spot to buy. But, at the same time, buy after test 200MA would be safer : Global idea for XLM :
Here is just my little observation considering ALGO. The maint point, that this recent high volume has been confirmation of break phase of accumulation out. If so, than I think history can repeat itself, and next target will be around 2.618. For now I am looking closely, if price can hold 4-hour support : ALGO has nice fundamental for a long bull-run. So...
Just some observation from previous alt-season, when strong resistance was found in 0.236 of Fib chanel and then main pump begun. Also similarities with touching 50MA and 200MA. Still waiting for main leg up for altcoins considering, that top alts has not risen vs BTC. Btw, here is chart dominance of BTC. Also decisive moment
If uptrend continuous next major targets can be around : 2.65$ - as resistance of main cup 3.9$ - as possible 3.618 circle resistance Intermediate targets also shown (as Fib levels). In generel, I am long for XRP
Cardano has already made the big cup and starts to work the pattern out. Interesting, if it can go all the way. Then target will be around ~40$ by 2027 year. Fib channel is also useful for ressistence/support.