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 !
Fibcircle
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.
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 !!
Draft II: Moon and them MarsThis is part of my "backstage" series with draft studies trying to cover possibilities for the market. It is just me thinking out loud so this is not a recommendation and not even a signal trade. I am sharing so it can help others to think with me, you may use it to do your own studies.
Draft I: Total destruction !This is part of my "backstage" series with draft studies trying to cover possibilities for the market. It is just me thinking out loud so this is not a recommendation and not even a signal trade. I am sharing so it can help others to think with me, you may use it to do your own studies.
BouncesBTC got some intermediary support at 9.5K which is higher than previous 9.4K so I am expecting some bounce to the 30M MA50, with projected into future together with some Fibonacci shows it might happen at 10K. This is the the most important test after the instant crash where market will show if it will resume crashing or bounce even more.
Leading the way ?XMR got ahead of most alts and looks like is leading the pack, but what about the potential on time. Well Monero are usually strongly tied with BTC moving just a little bit more or less than BTC, so not a lot to come. Our inner Circle Fibs shows some inner high has already done. So lets track this and see how it will unfold. Alts going first could mean BTCUSD could break upward it's current triangulation.
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.
Mixed signalsLTC just hit a point where it is in the middle of everything. There is almost 50% probability for going long or short. This is not about telling the future but setup risk management. You can either go or stay long or go short because risk management take care of all. Setup you stop loss and your target and be ready to go.
About XRP spike/recovery +6%XRP default recovery is the 0.382 Fib, so the most conservative strategy is to wait it to go there. After this we can monitor If the very long ABCDE correction is finally done or the wait is just half done. In another idea XRP is aiming for 60 days of correction, trying to mirror the past history. But market is a living thing and may not opt to reproduce history this time. So let's wait the spike and see if it is the start of a new proper run, or just some needed bounce.
Zoom:
New setup +19%NEO is tricking going against BTC, looks like it wants to shake things before moving, our previous setup got invalidated. This new one is another eager analysis, to monitor a bit waiting for confirmation before entering. Myself is already in since last idea, so this setup is for people who may want to get in. NEO looks like made a pivot, it is not confirmed yet, so if it start going bullish from here it will probably follow the setup with first target with 19% profit from here. Let's wait a bit and see !
Monitor this, possible +39%Will monitor this a bit as it is right now on the point and I don't want to catch a falling knife. So if some green candles start to appear I will get in. You can always be more aggressive and buy right now because a stop loss and risk management takes care of all. But with BTCUSD going up, it is not clear alts will fade away first or later.
Route to 16.9K +50% 22daysLooks like crypto market will give a chance for almost everyone who bought at higher level to break even or profit if this perspective materialize. As always this is not an attempt to tell the future, just some base for risk management. Market will always trick most people and go for unexpected paths, so this vision will need several adjusts on it's course.
After several charts on altcoins showing very big gains, a wave 2 was spotted on BTCUSD so this is time for wave 3, the big wave ! And I expect it go at least to standard 0.5 Fibonacci ~14.5K but setup a big bull trap above it by going 14.8-15K them we can either go for another market crash or just a wave 4 and finally wave 5 where it can go extended or another market crash !! The year completed just 2 months and a lot already happened with very wide swings and who knows there is a lot still to come like a possible 32K or a crash going to 4K.