culbert425

culbert425

Overlaid is what it did last time this happened. Bitcoin be damned, inhale the hopium.

culbert425

XRP is recovering in an impressive fashion. We are presently trying to break out of a long downtrend and then perhaps embark on a new up-treding channel. A little more work ahead. 10 days to get back to the old channel above 1.10 via the 0.942 and 1.02 support/resistance levels.... ambitious.

culbert425

Maybe something like this. So far its obeying some simple downtrend lines. This ship can turn on a dime, as you know. But this is where it can find good support. Perhaps even a liquidation wick to $38K just as a nut check. But right now it's having trouble with the simple overhead downtrend resistance and needs to gear up to get over the big Kahuna (thick...

culbert425

As a follow up to the previous post (link).... she also smacks the 1.168 Fib like a boss.... which is a very typical upside Fib. By the way, if BTC stood still at $50,500 this would put ETH at $11,918 at a 0.236 ratio.

culbert425

fun with charts So the purple bowl curve is balanced to get us from the previous peak (12June2017), through the bottom of this curve. It just so happens there was a dip there (26AUG2019). Those two points form the parameters of the natural curve and they would have predicted that ETHBTC would have returned to 0.16 on 25OCT2021 ... but, perhaps due to...

culbert425

A retrace to the green line (~$40 k) already happened Continuing to the yellow ($~30k) or even the red (~$20k) doesn't seem all that unlikely nor nothing like a crisis. BTC doesn't often touch its bull market trend line (thin green), but it hasn't been below it since the beginning. Maybe, everyone and their sister is wrong about what is going to happen for...

culbert425

Let's assume we fill the gap... then that? Thick blue is bull market trend line.

culbert425

Slow recovery, going up the stairs, rebuilding them as we go. boink, boink, boink, breakout. slow progress is progress.

culbert425

We are now backtesting SOL's bull market support trendline (white) and first retracement fib (red 0.236), which overlap. This is not looking bad. SOL is showing resilience. Recovery loading... (need a couple successful back tests to get a warm fuzzy).

culbert425

Wick below, bump head, criss-cross applesauce, false breakout, Bollinger squeezed down, bump head. . In very short order (next couple hours) BTC needs to show ability to get out of the pool and on deck of the 0.5 Fib, or, next fib lower is the technical target (0.618 @ $44k). Bull market is hurt, but not dead, technically. At the moment, retrace to the 0.618...

culbert425

I'm worried if we break below the yellow support at $53,200 (just under the 0.382 fib). I'll get scared if we break below the 0.5 Fib @ 48,800. Know that 0.5 Fib retracements are typical in a BTC bull market, and crypto bull markets in general That said, sure won't be nice to see our trend line break if we can't giddy-up back to $55,455 for today's daily candle close.

culbert425

Lots of cryptos obey fibs, Avax is no exception. See my previous post, linked, I was off a buck or two. Looks like another chance to grab it at the 0.50 @ $101 - a popular max retracement Low probability to get the 0.618 @ $90. Retrace below the 0.618 is bad news. I'mma grab some AVAX at 101.51.

culbert425

Tesla left a gap at $910 and we are falling out of the 0.236 right now. We already had the high probability retracement to the 0.382 @ $978, so maybe not. But we still have retracement at medium probability to the 0.50 @ $895, and retracement is low probability to the 0.618 @ $813. I'm buying at the 0.5 at 895, should be solid support after the gap is filled...

culbert425

The first small red arrow points to a surprise drop, but my model accounted for the behavior afterward. I see the squeezing white lined wedge. BTC is doing the same thing, a pop seems imminent. XRP lags a fib or two behind BTC, so a pop here could result in hitting the channel resistance line indicated by the big red arrow. Won't have to wait long to find out!

culbert425

If all this TA nonsense is good for anything, UP WE GO. The roof on this is a rickety shack... while the rising floor consists of: - A 5 month channel trendline that has been tested 2 times already (red) - the 0.5 retracement Fib, a historically proven floor for BTC in a bull market - A 1.5 and a 1.0 month wedge Technical breakout target for the 1.5 month wedge...

culbert425

Gold is the tortoise. Plenty of challenges from Bitcoin and central banks, yet it is still valuable. What does the chart say? Take a long look - Back to 2016 to today. We are actually in a good place and conforming to Fibs. Highest likelihood move is to the upside in 2022 with good movement. But, something could change and we could head down. Current...

culbert425

Lookout below, gold poised to underperform again and go back to $1680. Could this be the back breaker to destroy that support level? I'll start buying if it is being given away for ~$1000/oz... you?

culbert425

An update to a previous post that is playing out predicting 48-52.5K around Thanksgiving time. - There is a bigger price to pay in the retrace. we just got rejected off overhead fib resistance. - Look for a bottom either around $52k , or as low as $48k... you''ll know when you feel it, fear index will be in the teens and everyone will be saying it's all...