Fibcircle
New reviewEOS got unexpected run, part on this is biased thinking, where I didn't watch out for the bearish market. Looking at it again, there is no easy going market, several harmonics competing each other. Nevertheless here we go again, looking for it to break the dash curve and go at least to the green one, 1.0 circle fib and them the 1.618 one
Unstablebtc is on a position where probability shows it's highly unstable, huge movements will follow as it is approaching key timing. It is either going for a second wave, and resume bullish, or it is going to resume the downfall since ATH, by going to 5.2K levels. Time has come, it is now the decisive moment !
SwingsMarket shall keep swinging for a while. There is a lot of harmonics and picking up the right one is challenging. There is still both bear and bull scenarios on play. I am tracking a possible bullish one on this lower TF. Dashed curves will be resistences, above this is more "safe" to buy, but as always it is about risk management, more risk more return, the ratio is all that matters.
Mighty harmonicsBtc is testing what could be just some inner resistence, but a strong one, just in case not to biased thinking I have done the plan B bearish path from here so you have both on sight. Time target for btc have also been adjusted. I am expecting this new harmonic to break soon and go to target but keep you trailing stop close enough.
Fixing thingsI think I did something not right picking the standard fibs on the previous idea and also pickup a weak curve. This idea is to fix things. EOS already hit the 1.618 standard fib extension and also the 1.618 circle fib. To fix things I will get out when it hit the green dashed curve for the second time. It will also be a short signal so you can get out and immediately reverse with a very very little stop loss to have a very high risk return. I don't like reversal positions that aggressive, but stop loss you save you if things go bad. So the target here is not a value but the dashed curve. You need to monitor it.
About to decideBtc is approaching key timing by getting close to green dashed curve. There is a "feeling" market is heavy and should correct or even resume bearish down below 6K levels. But bulls are not dead, after failing to make a new low lower than 6K I am expecting a new high. But I am not biasing thinking here, bearish plan is also on. Targets on chart for both cases.
Back to the bigger pictureMarket is too hard to tackle on the low TF, despite taking almost exact levels right timing has been a mess, not a single timing got right since the last bottom. So I am back to the bigger picture. Got the "main" circle with several key relevant points and make the projection there. It will be hard to scalp, so better not, just hold till the target !!
Next targets 10k and 10.9kGetting the perfect time and the perfect circle is looking so hard, but the key levels are coming right one after the other. I think this Bull market is just at the beginning, the margin trading analysis on other idea gives the bigger picture. So the next target now is 10K and them 10.9K. Hope I get the timing right !