Great idea and excellent team. I see this holding here and then starting to shift upwards with an eventual target of $5.00 over the next 12 months
Targets set It would be healthy for a normal retrace but could quickly get devestating.... Fun ride ahead...
This is how I have it: We are just completing wave 3 up from reversal bounce at $6400, this whole move already feels like its running out of steam. The bounces get weaker each time we drop which is normal in a crash. Unless we get a strong V bounce (This could be it but time will tell) and continue up, we will slowly level out into a ressession of slow decline...
We only just broke the line of the first down trend (26th)... we still have two more much bigger ones to go
Worth a short with tight stops....
This should be followed by a few days of upward momentum, still bearing med term though
Read a few god analysts showing the Dec - March trend line to a tiny bit lower than i had it..... thankfully Waiting for the bear to loose steam and then onward an upward again Markets dont repeat but they ofter rhyme
Last few weeks have been painful for me, I missed both the major ETC and Nano trends, the jumped into what I thoguht was the start of ADA. I still think ADA is overdue for a big push up but now I'm thinking this will happen after the next BTC wave down. Markets dont repeat but they ofter rhyme Save trading
My feeling is its only going one way before it goes up again...
This (Thick Red) line is one I'm not seeing in many charts and as we know the more times a resistance is tested the more valid it becomes Many people are talking about the bullish momenum up to $10.5k or $12k but I think this line will offer some significant resistance at $9.3k We have not crossed this line since mid Jan.... My outlook is still bearish short...
My understanding of the markets taken from my experiance (three months) is that i know too much and t the same time i know nothing...... Zoom out, we are still in a down trend Great to see the rebound, currently riding the waves, enjoying the ride Markets dont repeat but they often ryhme
This is with the NEO / BTC pair but I will also add one with NEO / USD in a bit
What a ride down... I'll leave a few comments after posting so i can see my chart The trend sped up creating three main trend lines since the first bearish confimation in Jan.
Support broken and heading down, the overall trend is also speeding up... When is the bottom found? What confimations are we looking for to show the trend is reversed? Markets dont repeat but they often rhyme Happy trading
Just needs one little bump Such low volume, seems the crypro world is collectivley holding thier breath Markets dont repeat but they often rhyme Happy trading
In the door..... Out the chimney..... Fall off the roof.......... Land on the floor (Between $9000 & $7500)..... Hospital, crying, drinking..................................... Rest is getting back on track.................... lessons learned.................. Markets may not repeat but they often rhyme Happy Trading