


Simpel_Bart
PremiumExpecting big things.
Using fib-time extension tool, we can roughly estimate a correction window for entry/exit positions.
EOS took the scenic route through the 8h kumo and broke through 7.75 support. CBI volatility indicator is glowing green (green columns in lower oscillator) meaning BB are pinching tight. We will likely see prices sub-6 USD. Zooming out to the 15h chart shows kumo support, but that's a heavy price climb to maintain bullish support in addition to having a weak part...
The Generation and Growing Supply of OMNI Comes to an End. medium.com
Price destroyed Bollinger bands in Wave 5 completion; ABC correction to wave 3 upper BB peak.
Price is expected to decline until it hits that fib level.
It's still above the daily kumo, but I expect that to change. If price retreats back to the kumo, reshort.
Are we in a bear market? The chart says nothing is confirmed. Price is bouncing off of the same support it did during the correction about 2 months ago. If we hold the current low past the holidays, it might be a sign that we're still in a bull market.
The horizontal redline coincides with a flat kumo and flat kijun indicating strong support level for BTC. Keep an eye out as we move closer towards that level. For those in BCH, trade accordingly. Happy trades, fellas.
Left shoulder and head has formed; waiting for right shoulder. If larger shoulder forms, target is 3800.