Adjusted circles This is an update for previous idea linked on related idea. Just minor adjusted circles with new possible timing for it to happen.
Fibcircle
MTL Metal Long Idea - Ready to take off OR...delayed a bitBuyers beware !!!!
5000-5400 satoshi range seems like a decent enough entry. As close to 5000 as you can get - the better.
But those volume spikes keep me guarded against this one. It seems very risky. I would recommend watching this trade throughout its journey or with a good stop/loss in place.
Read on for more details:
MTL -1.79% looks like it is ready to show some muscles.
The zigzag lines are drawn based on fib retracement levels & fib circle "encapsulation".
* GREEN - very positive outcome
** YELLOW & ORANGE - uncertain, but more likely outcomes.
**** RED - very "negative" outcome. -> as in we might be delaying this takeoff for a while longer.
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BLUE - Possible *LONG* EW Count.
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RSI looks like it is steadily heading into bull territory.
if StochRSI bounces off 25 levels again, it is a very good sign.
Volume has been steadily increasing in the last days/weeks....BUT
BUT!
Look at those random spikes in volume!
If someone is not trying to keep the price afloat, then I'll eat my hat.
If you like this analysis, a "like" is always appreciated & helpful.
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Kudos to tradingview user @Knguyen5 for spotting this one early !
Next target 9.68KI think bulls are not done yet. Market may swing a bit or not but I am still bullish here. But I confess I am bullish biased here, as I didn't look properly on the bears perspective. I put together to timings for it to happen and adjusted the standard fibs so I get more strong signals.
Bitcoin 21 APR Update - Perfectly drawn Fib CirclesYou may be unfamiliar with how I draw those circles.
It is my own brainchild and its hard to describe here (see related ideas)
But, it worked like charm for the last month and so I continue to perfect it.
Basically, what to understand from it:
The price will move within on of the inner/outer circles.
The high point of each circle = resistance ; now it's $9066
The low point of each circle = support ; now it's $8350
See that big RED ARC below?
That is part of a circle that started in January and where the January dip resides.
That is a MAJOR support now.
BUT, if we close below it, it can become major resistance which will become harder to breach.
So far we've been trailing the above the RED ARC, but we need to close ABOVE GREY ARC for a decent bull confirmation.
Based on that I would talk about a long position...
BUT
Watch the news for "FOMO" or "FUD". There seems to be some wikileaks scandal in the making as I'm posting this chart.
This and the grey circle not being breached, puts me in a neutral positions towards BTC
Bullish perspective to 11KThis is how I see a bullish perspective for BTC, for bears another idea will follow.
BTC Stuck in a Fib Circle. Sideways movement. 17 APR MovementAs you can see, BTC has been trapped in that section of the the ficb Circle for some time.
I expect to touch the RED ARC at some point in the future.
If it happens soon, we will be down to 7800.
Otherwise, we will have more sideways movements.
It might drop to 7600 also, and that would cause it to became a little bit more bearish and a little bit more unstable
(volatile).
I posted a similar chart 2 days ago and it held up almost perfect. Today I just adjusted the fib circle a bit.
Bitcoin Encapsulation Fib Circle 15 APR UpdateAs the title says...
BTC is currently encapsulated in a Fib Circle.
I expect to move around the Turquoise & Blue Circle for a while.
Breaking 9000 and staying there would be a good bull run confirmation for me.
We shall see how it develops.
For now... it will bounce between those circles.
Still early to say something but...MAID is going alongside the 1.618 Circle Fib, it may look it will break down soon but if NOT ? That's a lot to go up, how good is this risk reward ?
Battle for 7.8KBtc should now battle to stay above 7.8K and for 11K if not 5.7K is on the way. More updates soon as market develop.
Still acumulatingReally hard to get the perfect curve market is strong with, because there is a really lot of harmonics and very wide options. Anyway market is still running sideways, the most obvious run is a bearish one but things are not always so simple and bulls are still on the game.
SoonLTC is still running weak, but it resistence curve is approaching and things can change. Let's monitor this to see if and when that curve breaks.
Charting a beastRDD looks like there is no TA here, it is living on a wild world. Let's see how this unfold.
Triple bottom +60%NEO got a triple bottom and looks like it is going for a very long run. Everything on Chart.
Strong very muchXVG is running stronger and eager than expected, so I think I got the wrong circle, this one is looking way stronger, and it may still go further long. Be sure you can handle the risk here as volatility is high, setup a good risk management and never forget to have a stop !
Divided It may look with current engulfing market will resume bearish but bulls also looks alive. This setup has all the bears simulations from previous idea also the same bull target now with a better zoom in, and inner bull and bear circles competing each other.
Exercise against biased thinking 18K 2 monthsMarket is like a chess game, and if you only keep looking at your own side, enemy will get you uncovered. This is an exercise of the kind "What if...". So What if this is the end ? Well on circle fibs there is almost no confirmation, it is looking weak and unfinished so this is spot that could surprise you opponent because it is not expected and this is exactly an exercise to expect the unexpected and get covered. Going long from here would mean some huge unexpected rally just like the path to ATH. So it is a rather long move, something to keep on mind in case it happens.
Bears SimulationsThis is a series of studies to try and simulate Bears setups. There is a lot of scenarios, and this methodology is still empirical. So I still don't have magic perfect crystal balls predictions but this is not the target, my target is always to have a base for risk management. To calculate high ratios risk rewards.
The fact is there is several curves and drawing an idea for each one doesn't help too much ! So I put together all the strongest curves on this chart.
Unified ViewThis is a unified bull and bear view, this time not from ATH but this curve is looking more strong with current action.
Bear Simulation 1This is a series of studies to try and simulate Bears setups. There is a lot of scenarios, and this methodology is still empirical. So I still don't have magic perfect crystal balls predictions but this is not the target, my target is always to have a base for risk management. To calculate high ratios risk rewards. This is attempt 1, ONLY for a bear market ! This simulation put into conflict the possible end of bear market with 1.618 Circle Fib into the last previous low, if it ever breaks down them this is the fastest confirmation you get that bears market is still ON.
Some consolidation and +50% 29 daysXVG is rocketing, and to take a rocket on the fly is a lot of risk. Anyway it is stronger than anticipated and now it should go for some consolidation, there is a lot of risk here about where to join again and time target is rather long. This is just a base to monitor for further entries, use it with care and risk management with a stop loss.
