Fibonacci rules the universe and unless there's a collapse in temporal and mathematical reality the Mcap candles are going to reach the 161.80% - You can see the awesome Awesome Ocillator by DennisLeeBtc has not reached the peaks achieved in the 2017 rally and there is a damn sight more money invested this time goddamnnit -
A rising wedge is caused by unbeatable flat top fib resistance - Eth had this appearance as it struggled beneath its previous ATH, nothing goes thru a 3 year old ATH on the first attempt, and nothing goes that close to not go thru - After breaking thru the 100% fib the standard move is to go to the 161.80% fib. You can see this on many charts, Fibonacci rules the...
Eth has come a long way over a long time to poke a hole in its ATH ceiling this week - It hasn't come all this way for nothing, candles never get thru ATH and hold on the first attempt - I expect Eth will recharge on the red Gann 1x3 fibray and push through the 100% fib in time to open a candle above it this Sunday - Eth/Btc has also broken through to open a...
This flat top resistance has pushed Eth/Btc candles back since September 2018 - Its poked its head out before, but this time has more importance as Eth has just had 1st attempt at breaking ATH against Usd - Nothing gets thru previous ATH first time, and things rarely go all the way back up there over months to fail - Eth/Btc can get to 0.046+ and over perform up to 0.049
Al the crazy calls and confusion, its just interference, Btc needs to hold the wick zone and break the downtrend - I expect it will
As the arrows - The ascending support of the red 1x1 Gann fib ray has to hold, beneath it is bearish
If Ewt candles can push thru the red 1x1 Gann fib ray and into the the panel box then it has some open sky above it - This weeks candle looks set to open above the downtrend - Support and resistance on the arcs, fibs and fib rays
Thanks Paul Tudor Jones for that quote
Gann scaled channels and fibs for reference
Compare this chart with the linked chert - Bnb Holds Above Previous ATH - I believe exactly the same thing is about to happen - I intend to buy Bnb with Btc when it hits its lowest price against Btc since 2 years - around 0.00054 - I will link the Bnb/Btc chart in the comments beneath
Xmr 240 candles need to escape from the arc pair resistance without crossing down thru the red 1x1 ascending fib ray - The whole movement is i a similar position caught between the 2 major downtrends above the gann square - a breakout from the arc pair and downtrends would open Xmr up to meeting strong resistance around 0.0064
Link has hit 5th arc resistance on a long running monthly chart - You dont mess with the 5th arc
Btc candles are hugging this fib set up very tightly - I have another projection also which is linked beneath - The Dollar Index has broken out on the 4 hour chart and as Dollar strength rises the Anti Fiats like Btc and Gold will have the value sucked out of them - So i see a drop on the weekly candle to $36.5K area starting this Sunday - if support holds on the...
The down impulse measurement of a rising wedge is equal to the of the up impulse -Btc price needs to hold that 61.80% fib to secure further gains - Dollar index shows a breakout on the 240 chart meaning a choppy week for cryptos as the Dollar shows some strength
Ksm was trading on Hotbit at 0.00066 which was around $8 when i bought it in June - There are ways of measuring this Binance chart that show it has bottomed - But i believe based on its real previous price against Btc, which is not visible on any trading view chart, it will retrace further yet - Ksm is a great coin but if you are holding I advise you to have a...