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Circle

Altcoins - Trend Line or Fib Circle - something's gotta give!Here is a long term analysis of the altcoins market cap. We are sitting on a pretty strong horizontal resistance, but we are being pushed by this fib circle which was never broken before. As its a 3D chart this will be resolved rather quickly, but as you see many fakeouts in history where we break a line, just to have a massive move on the opposite side in the next candle. If we do break the fib line and confirm it as support it could be the beginning of a nice mini bull run for alts!
CRYPTOCAP:TOTAL2
by Crypto_Burger
11
BTC encapsulation in a Fib Circle for now. Predictions on it.Well, as you can see on the graph, the price is pretty much blocked in the area of the Fib Circle shown. Until it breaks one of the circle areas, it might just bounce around the current Circle Area. Also, resistance and support level agree with this Fib Circle :) No Elliot Waves that I can clearly see on this one, so I'm not gonna add them. My personal order(s) for the foreseeable future. 1) If it keeps this trend Buy: ~8860 $ Stop loss ~8795 $ Profit: ~9120 $ 2) If it breaks down the trend (<8800) Buy 8550$ S/L 8450$ Profit 8800$ 3) If it breaks up > 9250 $ Buy 9250$ S/L 9189$ Profit 9400$ Again, those are my personal orders, and I might adjust them in the meantime, but they give a sense of what I'm expecting to happen. Whelp
BITFINEX:BTCUSDLong
by reynar
2