Using Fib Circles (yeah not many use ..) Using recent high-lows we can see levels (horizontal lines at top of fib circles reacted - yeah a fib retracement tool would have done the same - would it?) Timing is always an issue.. What about the quackery of Moons, Equinox's and Solstice? Charts don't lie... Yellen, Powell and Biden do.
#BTC at resistance. Still a short in my mind.. a couple of levels above possible target before turning. Perusing old CMT presentations.. Fib Circles were used by some traders. Taking the high of first 2021 april peak to 2021 june low The Fib Levels you choose, retrofit to see if past lows and highs match : 1.618, 2.618, 3.618, 4.618, 5.236, 6, 6.382. Of...
Algos go where nobody knows ;) A swimming pool of liquidity should be round the $15k mark. Fed news this week and the meek Hobbit Yellen no doubt talking in riddles of nonsense.
Using market frequency - based on Andrews Pitchforks on a high time frame (WEEKLY) we can see BTC hit the 1.272 fib setting and is looking to rollover. A shorting opportunity back to the lows around $17k.. not financial advise.. just my take.. until a further drop too $11-12K .. going against the crypto BS influencers on this..
Using WD Gann versus Fibonacci ratios (change the Fib settings). A confluence of previous BTC drops, Gann Level and a Measured Move points to a likely (crystal ball) area for a bottom.. Sub $10K not out of the question either...
Market frequency should come into play, #BTC likely to peak at the top of the channel. Then heading back to the RED Median Line *statistically happens 80% of the time, a nice edge and initial target for a short play.. IF BTC breaks the channel then likely to retest the channel before heading higher.. given the macro back drop... lower prices on the horizon.
Utilising the humble pitchfork, the way price zoom / gaps on CME through median line plus other factors.. Low Aug/Sept... Lets see what happens. Looking to fade the bounce.. DCA when at $20K and below..
Possible price action for $XCAD.. charted them last night... lets see what happens next .. Trend line break , re-test and boom... Great news coming this week for the project.
Thoughts on XCAD Trend line break and retest .. lets see what happens
Simple example of a Bullish Engulfing candle - with support confluence.
Fun for cast and a Crystal Ball , some wishful drawing to reach a price point most would be overjoyed with for our beloved #Zilliqa.
Looks eerily like the Wyckoff charts approaching Phase E..
The fib speed fan I suppose is as good as any for possible forecast scenarios, especially in Price Discovery and over Time. So the line in the sand is end of December 2021, but could be later or the bull run fails or extends. Its all Crystal Ball stuff, any body who tells you otherwise is lying. That said looking at crucial lows on the fan chart and general...
Some interesting levels in the BTC Dom chart. Are we looking in general at ALTS consuming more Dominance AKIN to Stocks (ALTS) v Gold (BTC)? #Zilliqa will do very well...
A little forecast for the excellent #Zilliqa community. It all crystal balls and finger in the air stuff. Would be good to see this play out by EOY.
Just bought some more #Zilliqa .. yes a falling market .. 35.6% drop in last 7 days ..Optimism .. streets are red with my own blood too.. Oversold ?
Amazing trader was W.D Gann - hear I use the Gann Fan on the Daily selecting the lowest low and initial first high. We can see a beautiful retrace back to the lower Gann line followed by todays 618-ish retracement. Good time to buy possibly.
Trend line hit on Daily. MACD should look more favourable after this big dip. RSI oversold. Good times ahead for Zilliqa.