In watching the past. Btc can to down again. Look RSI during NOV 2018. And now.
Seems theres some people expecting current PA to hit 21k while copying 2018 before the final drop. Lets take a look at the fib levels and we can see, yes, there is some same pattern going on following 0.382, 0.618, 0.768 fibs. If that fractal would be in play, next station is a dive below 0.886 and no coming back once below. Timewise a drop would occure ~10%...
Look in 2018, support was tested many time and has been broken... So, we could to expect the same thing here.
For anyone that experienced this pattern that is extremely similar to a structure formed on BTC during late 2018 you know what I mean. This is a replica of the formation.
ENTRY: 13.68 SL: 15.16 TP: 11.18 - ADX>25 - Daily RS -ve - Daily FFI -ve - Weekly RS -ve - Weekly FFI +ve - Moving averages are aligned. - Stoch RSI near 70 and dipping down. - Entry based on today breakdown from range and >3% rebound off 10EMA with volume. - Need to watch out for earning results which is approaching
Neutral. I just see a possible scenario. I hope we break the trend line and move to 72k. It's still early too say, but we still not break any resistance yet. I just think this choppiness is to completely kill leveraged traders from both sides before the take the plunge to 19k.
Just posting for reference to the current market and weekly rejection on the weekly ribbon
What i see for this yeah. A possible fractal like 2018. I would love a lot.
He make a double top ? It could to be a double top, a bear chart. Wait and see.
Probably the same scenario as 2017/2018 will be repeated
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Hello traders and investors! Today we will talk about stocks, specifically S&500 against GOLD (SPX/GOLD ratio chart), in which we see an interesting development we want to share. As you can see, stocks remain in the strong uptrend and there can be room for more gains, we just have to be aware of another, higher degree correction as S&P500 is approaching 2018...
2 Trades 1 Win 1 Loss +7.34%
Part 6: With the month of September coming to close in the coming days on a Monthly TD Sequential Red 1 price flip, October will be critical as to whether Bitcoin's monthly candle will close as a green 1 to break the sequential correction, or continue with another 6-8 red candles - as has happened in 2014 and 2018 during bear markets. Note that the Monthly Red 1...
A project I made few months ago, as we are going by blue parabolic line so i decided to upload this idea, maybe someone will learn something or see something that I or others don't
The daily bars of the 2018 descending triangle are starting to match the current 2019 descending triangle. If the bearish breakdown also repeats itself in the same way, then this would be the outcome, continuing on from where the charts fit together. Notice how a similar bearish breakdown would take us to the 200 Week MA, given its current trajectory. This would...
At first I was afraid, I was petrified Kept thinking I could never buy some shitcoins on the side And yet I spent so much money thinking when it will go wrong But It grew strong, And I learned how to stay long And now They're back, it's FOMO's race I just walked in to find everyone with a bull-mask on their face Should I have flipped that stupid bagg, Should I...