Arcs, Circles And Spirals
A Bullish view +19% 3 daysDash is looking good on picture after completing the 1.618 Fib cycle and got it tested two times. Now it is looking unstoppable ! Targets on chart. Setup a proper risk management and always use stops !
Triangle formationBTC got into a triangle formation. Because there is no triangles in circles our perspective can only show possible breakouts. Inner TF shows bearish while outer ones shows both, so it is hard as always to predict where it is going. This is my opinionated view where I think it will be more harmonic and healthy for it to go short a bit before going up. How do you setup your risk management is up to you according to your risk taking profile, so this is just some base where you can think about your stops and take profits.
MixedBTC got a bit Mixed with incoming bears, this is some adjustments to bears target while bull one remains the same.
Wave 3 ?BTC got a bit short but not enough to show a bear market, instead it is mounting a pivot on what looks like the start of a wave 3 inside a big larger wave 3. I am putting together both bears and bulls target and that's not about getting right whatever market go. I am not here to tell the future, this is about a setup perspective where someone could setup a trade with risk management and profit on the long term. But it is always a pleasure when you get a perfect prediction both on time and price as it shows your methodology is on the right direction. Sharing a perspective is not about being emotionally biased to one side and be "enemy" of the other side. This is an emotionless business !
On the vergeBTC failed to make so far a new high and as expected bears appeared again. It is now testing our support curve where some good moves will follow. If it's able to hold it can go the bull target of 9.6K or else go to our bears target on green flags.
Time has comeBTC is soon to reveal his mid term fate as market is reaching crucial point where Bears could appear again. Possible targets on chart !
Daily Bullish perspectiveMarket is not defined either way but on request this is a chart for possible middle term position trade. There is a lot of possible variations on this so it is just some raw draft for a very much bullish scenario.
Bulls strike backThis is basically the same previous idea for a Bull perspective, this time I put together some fine grained interpretation to how those target could get a hit. It's very risky to try to scalp this as is, but you can use risk management if you are fine with it. Don't take this interpretation strictly but traders always want to predict every detail so this is my shot.
Fine Adjustments heading to 6.5KMarket is a dynamic living thing, so you need to adapt and adjust in order to remain relevant and accurate, so this is some adjustments to get a higher resolution prediction.
BTC got to the 0.786 Fibonacci extension as planned and there is still the 1.0 at 6.5K which makes a double confirmation with our long standing inverse Fibonacci technique pointing to 0.0 (6.5K). Also adjusted Circle Fibs with other harmonics in order to get a better time prediction for our milestone target at 6.5K. On this idea I will focus on a bearish perspective as long planned but I will not discard a bull run from here, I will plot another idea with a bull perspective so this one don't get too heavy to read.
Fine Adjustments, the Bull perspectiveFollowing our previous Bear Fine Adjustments, this is the Bull version as promissed. BTC got to 0.768 Fibonacci and usually it's the final target where it may or not go to 1.0. For a Bullish perspective this ends here and a new Fibonacci point to bullish targets at 0.786 (9.1K) and 1.0 (9.6K) in the following 2 days. I have also highlighted a new support curve.
Bulls are not giving up !Bulls are buying at every single support and there is a lot of them so Bulls nor Bears will get an easy path. With Bears showing not so hungry the fight is wide open. This is also a very good spot for traders looking for middle to long term position trading. BTC faced another support curve and looks like everything could change now. As always I put everything on chart, possible bear and bull targets so you can setup your risk management and trade !
Another moment of truthBTC pullback from the little impulse it got and now is on the verge to break down the green dashed support curve, by breaking it down 6.6/6.5K is the target, by going up a new inner wave 5, not elliot wave just zigzag wave, will start.
You can't play boxing without looking to opponent movementsBTC just hit the all strong 0.236 Fibonacci retracement on 4H TF in order to always have a complete view and understanding of the possibilities this idea is a bit focused on how bulls could surprise and strike back as no one knows it can just start a wave 3 right now. So market can do some little consolidation and resume to target on 0.0 Fibonacci (6.6/6.5K) or start some very strong wave 3 replaying uptrend all previous key levels and if this occur We already have some idea to cover the unexpected. As always you can trade both sides using risk management on your favor, you can't avoid taking risks on market to gain your reward !
Options and Perspectives for Futures SettlementBTC is not going down as expected neither going up. It is still on a range and Futures Settlement expiry for CBOE in 5 hours, coincountdown.live and the rest on 2 days, getjumbucks.com . On the previous expiration dates BTC operated on a range and maybe that's why expected wide swings are not happening. So this is a view for the next 2 days with the last down leg looking complete from the 1.618 Circle Fib perspective but it is just some milestone and it can be a reversal or just continuation. For a reversal an inner Fibonacci on 0.768 and 1.0 levels show some possible targets while for continuation there is the outer Fibonacci on it's 0.236 level. Everything marked on chart !
New Bullish PerspectiveBTC got some unexpected strength and got above 9.5K and it is right now fighting to stay above it. This idea is a strategy plan FOR THE CASE it continues BULLish above 9.5K, going 10.K; 10.3K and so on. Not so far ago I saw the possibility of a double bottom after the double top and now after some zoom in and zoom out I got this perspective for a bullish run and it is so big you need to zoom out a lot. Market are live dynamic beast, it is not so physics phenomena you can have high resolution prediction. It is a lot more like boxing fight between a lot of bulls and a lot of bears. So after it each punch market change and you need to review and keep changing your forecast too. If you don't review it more you will likely get it wrong as the time pass.
TriangulationLTC is on the middle of a triangulation with some huge resistence just above. If it breaks out the curve that send it back, it is going insanely bullish with first target on the green flag. In case it got rejected it going a lot more down.
50% either way battleMarket is divided between bulls and bears which means it must triangulate somewhere before resuming some side. Bulls have mounted a pivot and successfully build a new intermediary high, now if it is just an ABC pullback market should resume bearish from here as the 1.618 Fib circle looks complete but It can also go for a 12345 pattern building a new higher high.
Just out of curiosityThis is just to point attention that EOS completed a full cycle since the start of the crash. The cycle got broke down but it is back on track, if market pickup the bullish path there is a lot of potential here for it's next cycle. It can also make a bull trap and break down again so it is up to you. I am just sharing !
Path of destructionThis is a bit more detailed study derived from "Draft I: Total Destruction" and "the very BIG picture". Bulls got killed in action after its ultimate support got broken and market is now mirroring the last leg when it got to 6K. I used the exact same non standard technique to get to 6K now in this study it is showing something between 6.6K and 6.5K depending on your exchange. This time market should go to extended levels after some bounce and again non standard fibonacci levels point to 5.1K / 5K with 4K still unclear as a target, so step after the other, let's see how this unfold. Fully shorted, alts included !!
Some weak bounceFirst impression after the crash show some bounce may occur, market are always returning to some intermediary mean. I have put two possible bounces, one more stronger than the other, so we can monitor where and if it is going there.
Time has come +126%Ok I missed it several times on a row but NEO is looking like reverting from a break down on the 0.5 retracement fibonacci, which means it setup a bear trap and is going bullish. But I am a bit ahead of myself here because it didn't crossed above the 0.5 level. It may just test it from the downside and resume downtrend but the risk reward ratio is way higher for a bullish move and this is just a possible setup that might occur or not. The strategy is to buy by crossing above or short if the test fail, just put a close stop loss in order to make for high risk return so if you are wrong you will loose too little but if you right that's 126% percent profit waiting for you to pay any other losses and make your profit/loss ratio even higher.
Where the risk is high, also is the rewardZCL got a massive correction and after crossing below a huge support it reverted with a 100% bounce. It is looking perfect for scalping on low timeframes right now but the big picture is a lot unclear as the downtrend is not clear finished, neither the bounce.
