RLC/BTC TA Update (Bearish H&S Pattern Confirmed) RLC/BTC
Bearish Head & Shoulder pattern broke to the downside and the target is between 0.618 Fib or 200 Day MA.
RLCBTC trade ideas
A potential of 100% profit Entry price : at the .618 fib if the pullback bounce at that level
Target : 10000
RLC (biz wins again)RLC classic bump and run pattern - i'm already filled.
This is going to go for 1-2 more retests before a large trend to the upside.
Clear invalidation back under trend break
Send It!Long Term setup here playing it as the low is in for now....more downside expected if 6499 level is busted.
RLC/BTC 70% gains hot cup and handle.BINANCE:RLCBTC RLC has some great dumping and it's coming to a nice reversal. Possible 70% gains. Add to your watch list.
RLC/BTC Daily longI think we are about to see a major correction towards the .5 fib level of the entire move to the upside as already stated on Twitter on 23rd November.
Correctional Count Possibly Completed...Have hit all rules of an ABC down and have great Risk Reward here to take this trade...if we break down below our zone marked it will likely indicate a larger correction but right now we're catching the potential bottom of this correctional count down and anticipating the new cycle up until proven otherwise.
5 waves up completeSo i've had multiple charts on this now nailing the play by play as we can see now we have finished our 5 waves up and as I said yesterday we were looking like it was the case...so now we expect a deep ABC correction gl.
5 wave fractal complete/completingSo we have counted 5 waves up and are potentially still in our wave 5 with some more upside, however you can clearly see the volume drop off on this last impulse which is very typically of a wave 5 and good confirmation, so what next? well we should be expecting an ABC correction down at some point I have marked our critical support which can act as a stop if breached.
Crypto Fractal/Rotational PlayIf one understand how the market works, they will be making a lot of money.
Unfortunately, most people gambled too much money. They took 100x leverage thinking that they can beat market and the whales.
Do some research and see how many altcoins that were up 5-10x for the past few months.
Its the same cycle. Nothing goes down forever, nothing goes up forever.
Crypto market and also penny stocks are the only market where the asset can easily gain 10-100x in a normal pump and dump by whales.
Blue chip stocks will not be able to give that kind of gain.
Knowing that, even a small amount of risk can yield high reward.
If something can go up 10x, the risk reward to ratio is 10 to 1.
But most people don't understand math and risk management.
Crypto market is fractal and rotational.
Once whales are done pumping and distributing one coin, they will go to the next, the next and the next, will rotating and rinse and repeat.
Buy low, sell high.
Buy at turning point and sell when big gains are already being made.
Follow the whales, not the herds.
RLC at wave 5 out of the channel and possible RSI diver. Down?RLC (iExec) at wave 5 out of the channel and possible RSI divergence. Possibility of going down from here I think.
IEXECBTC (requested analysis)I would personally not jump in at this point however if you have been in I would hold. I dont see anything obvious here other than breaking out however its too oversold for me to justify a buy in. This isnt very helpful but I can not in good confidence give a positive or negative call with this chart pattern. However there are other patterns that looks like that are going to mimic this chart.. OMGBTC being one of them.
God Speed,
Mr. Manbearpig
Very interesting! Very great deal!The chart history must have an impact on the present movement, good luck
Rlc forming big C & H I think we are about to form c&h in long time frame and cup about to finish ^^
