proletesseract

proletesseract

Based on previous highs and resistance levels, these are the areas where I would be taking profit on price upswings.

proletesseract

So far this correction is pretty much a copy and paste of what happened in 2014 in regards to fib retracement levels. The wedges and resistance lines in this down trend have been very consistent and vivid. Assuming it will follow a similar pattern, we could see a push to around $16k followed to by a bleed out down to the lower support line of $4,500 before...

proletesseract

If the pattern repeats a 4th time, we are at the right shoulder which will see a sell off to $5k and then a 5th wave to $10k

proletesseract

If this pattern repeats we will see a sell off to the $4000 before continuation for a 5th wave to $10k

proletesseract

Same pattern as before, bouncing to the blue fib retracement level before deeper sell off down to midrange of pervious peak

proletesseract

1W Candles showing RSI Divergence indicating bullish flag completing and about to swing upwards. Confirmation that the trend reversal is well underway and we are entering a long term uptrend.

proletesseract

1W Candles showing RSI Divergence indicating bullish sentiment. Confirmation that the trend reversal is well underway and we are entering a long term uptrend.

proletesseract

published this chart 3 days ago

proletesseract

divergence on the 1D chart points to retesting the support line