g0nzo

g0nzo

if eth is rejected by this blue band in the coming days it feels like it will fall to the next level of the blue band, about a 30% drop. claiming support on this band can kickstart a nice run though

g0nzo

ive been playing around with the macro charts a lot lately and noticed this line may give quite a reaction if im correct in assuming it will be respected? ill be posting some really interesting things ive been finding playing around with all sorts of fib tools on the macro charts

g0nzo

so i cleaned up the last post i made in my mind and took this route instead, using the last full market cycle to measure my circles from. quite interesting to say the least. we either fall 50+ % to the next pink band down, or we fight to reclaim the blue band. there really is no other way it can be, if these macro fib circles continue to be respected as flawlessly...

g0nzo

so bare with me here, i connected several different macro points to come up with a little grid. between august 16th and 24th it looks like we will be kind of forced into a major decision to either fight to reclaim the blue band at 40k, or we continue slowly down the downward channel until dropping quite demonically, about 50% to around 12 to 15k as the ultimate...

g0nzo

ive kind of fallen down a rabbit hole with fib circles recently... but i have noticed that if you measure from highs and lows (and many other points that i wont get into now lol) you can pretty accurately predict where the breakout of said pattern will be with the outer bands. highly recommend playing around with some things, and you can actually measure several...

g0nzo

idk if many of you guys are using fib circles in your TA, but something ive noticed is that if you measure price action from inside of a pattern thats forming, in this case the rise wedge, then you can many times use the outer bands to a pretty high degree of accuracy to anticipate volatile movements when the pattern does break. in this case we broke down from...

g0nzo

eth formed a double top with a myriad of bearish divergences on the rsi AND macD on the 4, 6, 8, and 12 hr time frames, heres the targets. may get a small bounce at the yellow line, its the golden pocket measuring the entire move from swing low to high. but then timber imo

g0nzo

not sure if i double posted this, pc is acting up. but guys, cardano is looking super healthy here. weve broken up from our falling wedge and our symmetrical triangle, and in the process it looks to me like we have formed what is a very ugly cup and beautiful handle, with price targets pretty much the same as the ascending triangle. i personally added a large...

g0nzo

ADA looking extremely healthy here guys. we have a clear uptrend over the last days, broke out of the falling wedge and the ascending triangle, and also kinnnnnnddd of forming a cup and handle here as well? price targets are very similar and give a clear path for ADA should the market cooperate. possibly the healthiest looking alt coin if you ask me. i personally...

g0nzo

the fib time zones have been pretty accurate at predicting pretty substantial moves down to practically the hour. i know because ive traded the last two and it worked out very well. generally about half way through the trend reverses again, just to reverse yet again at the next fib. just a rough prediction of possible price action based on this, and...

g0nzo

these are my targets should this myriad of patterns play out. i would expect them to play out in stages, up or down. some of the downside targets get nasty, but bare with me, just going by the TA i did which could be completely bogus so take it with a grain of salt. upside targets from falling wedges, symmetrical triangles, ect: $43,700's, $49,000,...

g0nzo

im not the most experienced at doing TA lol but sheeeeeeesh. how much more climactic can btc make this thing? in my eyes, were literally inside of, and or breaking out of several different triangles and a massive wedge. i see a rising channel, ascending triangle, symmetrical triangle, and we broke up from the massive falling wedge.... right? purple boxes are my...

g0nzo

very very key leves here for ADA, this next week looks to be a very spicy one. technically had already broken the much larger wedge, just now breaking the ascending triangle, attacking the 100ema, and hopefully closing this daily above 1.42 to recapture the daily spport. which just so happens to be at the 100ema and the ribbon here. my first targets are in the...

g0nzo

my 0h key is br0ken s0rry f0r the 0's l0l but be careful l0nging ada here im0 n0t financial advice 0f c0urse just a pretty clear pattern t0 me aftr breaking UP fr0m inverhse H and S, then D)WN fr0m thje rising wegde, l00ks nasty./ (srry f0r keyb0ard L0L)

g0nzo

im new here, but it seems like a possible cup and handle has formed with the exit point of the pattern being the same level as the pre all time high bull run... is this significant?