It's a matter of time. Too much pressure up before the bottom has settled in. Maybe price even climbs higher than shown, however price will need to entice the long term holders with a very low settling. 5k, 4k, (maybe 3k - 2k ). Under 3k price will have many buyers so hitting under 2k - 1k... will be almost impossible except an odd spike down.
I know this chart is unpopular, but the idea is to show where the diagonal lineage is for price slippage. There it is plotted for us. Good Luck Trading !!
This is showing what should happen in relationship to price's location relative to its' most recent low. I used oval's as a means to show the relative areas of concern.
What is shown is if price carries along without huge volatility. What is shown is Fib Line points that price should attain in the near future. The path is reasonable and every once in a while I have fun and chart the unknown path. If the indicators continue with this interim bull run, price action should be similar to what I have plotted. I know Price action is...
This is a run chart.. see how far the adjustment goes for the reset. I think between 2 % to 4 % down (3.5% is my guess) .. Then steady up we go...8 % to 10 % .. The Big Green Bar is gonna happen... it could happen as I type this...I'm thinking a drop before hand. If this goes down to the 6 % level as shown, then well, I would consider price to stay in the...
Major Fib's - Pink and Gold Working Fib - Green Minor Fib - Blue First the Bad News...... Downtrend probably continues when price breaks down past Working "Green Fib line 0.5" and Major "Pinks' Fib lines 0.382 & 0.236". Now for the Great Bull News.... Price's recent 7.47 % move placed us in a defined Neutral Trading Zone of a giant: -- 17.18 % Trading...
Which way is the break ?? Up or down... With "The Coin" we have many FOMO buyers and sellers which tend to drive price fluctuations further than the norm. I'll have to say we are in a Bear Market and in a Bear Trend. IN theory it should go downwards overall. Good Luck my friends !!
Math is good ... see what happens. Good Luck
This chart is showing the reasoning. First I have labeled # 1 & # 2 to reference today at # 3. Currently we have bounced near the # 3 location. We are stuck on pink line .382 $ 7,598. Looking at # 1 and # 2 we can have two totally different results. Thus, a # 1 could find our bottom targets...which could shortly stop at the blue "dotted lines" or more...
Usually these small Time Frame Head and Shoulders aren't all the powerful, Although once in a while they can develop a considerably large percentage move 4 % to 10 %
Get past 2 % then Bust 4 % then that Pink Line will be new support and a Bull Trend in full force... Price falls anywhere below that last bottom dip, Bears are still in charge.
This outlines reasonable areas to plan exits or entries. Also shows why there is a large talk about price falling between 6,100 to 5,500. I don't have the crystal ball but I remain holding on to my short position. I have wondered when a giant bounce will take place myself, but price keeps falling. Good Luck to all !!
Price seems to be floating currently in the middle of the last 43 % climb from it's pullback. I'm looking for that grand divergence to go long, this takes patience. I'll take a grand divergence to go short also, if price action happens to go north first. I'm bear currently, longing to go bull in the future. Good luck to all with your trades.
Showing a Fib retracement with an inserted wedge, bear pennant, plausible for the upthrust. I'm bias still for the downswing. Chart is good for 1 or 2 days.
Trade Range is 12% as I see it, and it's positioned as a neutral zone. I'm calling the neutral zone large.. larger swings coming if your margin hunting, you gotta go deep pockets (deep stops) to place a bet. Buckle up or place a smaller sized margin order. Best to look for standard entry signals, confirmed w/ multi-TF 's. Good Luck my friends.
New percentages LONG
I decided to go with the 1 hour this time to watch for detail progress. Obviously the further we go down, more risk to the upside increases (we are in a bull run parabolic). Does the parabolic now end or continue? who knows, i think it's a bit early to go 30k+ this year, who knows what December may bring us. Anyhow back to the chart. Bulls need the pink dotted...
Basically a low profile short Ratio... I'm looking for price to get to that 5% level then complete the last 8%...however... if it goes up 700...it absolutely probably will not complete the continuation drop shown forth above. Good Luck trading !!