Time for a new market cycle. Fibonacci ratios are used for significant price levels and dates. Harness human psychology and the patterns of the universe.
My last post (I'll link) looked at why our recent correction will reverse back bullish, and this post looks more-so at where we will head over the next few months! I chose not to include the Elliot wave formation for the sake of keeping the chart looking simple.
Macro scale is important for the sake of shaking out your emotional mindset. Read the chart. All is well.
I really like EOS fundamentally so here's my technical update of key levels and current sentiment.
INFO ON CHART. ALSOM, CHECK OUT MY LAST POST WHERE I SAID IF XRP COULDN'T HOLD SUPPORT IT WOULD FALL, BUT IT HELD AND SHOWED GREAT STRENGTH.
Still long-term bullish on XRP, just looking good for a short here. Info on chart! Also, I advise against shorting anything in crypto.
Crossing of lower-period EMAs over higher-period with confirm healthy uptrend. If we can sit and consolidate here for a few days before breaking out that'd be ideal. All is well considering we're still closing above the 10DEMA.
More personal chart journalling. My last chart I posted privately but it played out well (hopefully I can successfully link it). It was a bit of a CONTRARIAN post of my bearish view on BTC despite the bullish market sentiment that people get so caught-up in. This is a really simple chart, but will be my guideline as to when I buy in. MAs work so well, and are...
I've tried to make this chart look as least intimidating as possible, because that always makes for a good chart! The market cycle playing out is a fractal (elliot waves). Entry is at the 50DEMA. Time-fibs have been spot on in the previous cycle so they're worth considering in this fractal. Also, the fib-extension from the last cycle is relevant to this cycle. I...
I'm posting this as honest journaling for myself, and to join some different TA techniques together & see how they perform. I haven't used time fib extensions in the past.. I think we're at the bottom of the 4th wave, with the impulsive 5th wave soon to follow. Targets are based on fib extensions, however follow the elliot wave rules also. The 5th wave could...
Thought i'd share a short on STRBTC i'm making- for the sake my own journalling of trades, and because I see good potential profit so why not share :) Quite a complicated looking chart. The H&S concept seems unusual, but the psychology behind a H&S still applies- the upward trend line STRBTC has been adhering to is the neckline. The buy/sell volume has been...
Quite an intimidating analysis and not super pretty like TheTrex or HanzeHoldinworth but definitely has some value. Channel holding Support found Potential fractal soon to play out Bullish market for alts beginning RSI room for bulls Bullish MACD cross :)