McGorgeous

McGorgeous

If we retrace to the 0.5 fib on a HTF basis, we're talking $600-700 eth...While $btc 3rd cycle pretty much invalidated the S2F model of parabolic adoption, this being $eth second cycle i could see $eth having signifigantly more downside risk ST/MT. $btc.d has already broken out above its HTF resistance. And $eth/btc has broken down below its HTF support....

McGorgeous

$eth trying desperately to break out of this BDW. $eth/$btc also hanging on by a thread. Equities are not helping. I'm short rn until i see $eth/usd reclaim 2k and confirm s/r flip out of the wedge. ST PT would be $1,950 and then a retest of lows back to 1800. This post is for my own personal benchmarking use. Nothing here is financial advice. i am not a...

McGorgeous

Just some basic Chart Analysis. Suprised it actually retraced all the way back to the breakout level for confirmation (all things considered in macro and equities). Doesn't seem to be a bad entry on HTF. Clear s/l around 160. NFA. DYOR.

McGorgeous

nice bullish XABCD harmonic. not financial advice. dyor. this is for personal reference and benchmarking purposes only.

McGorgeous

Not financial advice. DYOR. This is for my personal reference and benchmarking only. I'm not bullish or bearish rn tbh. There are alot of overhead resistance levels. Conversely, HTF support and continued HEAVY buy interest at 'cheaper' prices has probably (secretly) shocked even the most bullish crypto enthusiasts. I think alot of crypto bulls are actually closet...

McGorgeous

Take a moment to redraw the large dashed trend line i've got up on this chart. Using a log scale. send it all the way back to 2017. Come to your own conclusions what we do next.

McGorgeous

So $floki has been one of my favorite charts the past 3-4 months. Its got a great community, very special tokenomics, strong leadership and has a solid track record of TA thusfar. This last ABC pattern took us lower than any prior corrective move and in some regards that should be expected. It reached the 3.618 at the top of its last parabolic move in late...

McGorgeous

Not financial advice. DYOR. For my personal benchmarking reference only. Crypto Twitter has been taken over by short time frame (STF) traders looking to affect ST sentiment to bolster their trades and keep LT investors range bound. Influencers are also being paid handsomly rn (while the carousel is still spinning) to shill 8th & 9th inning altcoin bags. Whats an...

McGorgeous

Using the fib retracements from the prior 2 moves...its hard to not believe it isn't programmed. NAILING the 3.618 on the NOSE immediately following each of the past two corrections. this last one has actually been the biggest correction after toe tapping the the 0.268 retrace level. It had previously only gone to the .386. Not financial advice. do your own...

McGorgeous

Not alot of explanation needed. Floki did fully retrace and 'toe tapped' the 0.236 fib level. i've bought back in here after selling a big portion of my position between 0.00024 and 0.00022. I will set a stop loss below this 0.236 level. Breaking down below this number would be painful for the ST future of the new meme darling. Not financial advice. Do your own...

McGorgeous

Not financial advice. DYOR. These are my personal notes for historic benchmarking and reference purposes only. OK- So much credit goes to my favorite BTC chartist and trader. I won't name names since i don't have his permission and bc he doesn't 'give' free alpha. only gives you tools. That said, these lines have been key 'tools' in many prior (and 100% accurate)...

McGorgeous

Those that follow me know i haven't edited this chart for at least 4 weeks. We are in wave 3 of a large elliot wave imho. i don't see a correction until at least 5k eth/usd before a re-test of the HTF resistance to reclaim support before going off on wave 5 in its own sub-wave (1,2,3,4,5) cycle finishing off around 15-20k sometime between last week of december and...

McGorgeous

BTC has broken above the HTF resistance line (again). Hopefully it goes better than our first attempt....If we confirm support here, next stop is retest of ATH..

McGorgeous

Chart speaks for itself a bit here. This support line has held even longer than the chart. check out the daily for confirmation. obviously this gives me a very simple (and close) S/L level. But come on?! next move seems programmed imho. These are personal notes. not an advisor. DYOR. I just use this for benchmarking my own personal decisions.

McGorgeous

Part 2 of the analyssis i put up earlier. I'm pretty confident we will see a test of the 0.618 BTC/USD fib level ($38,500). If this holds, we could go for a major run. But I'm also watching the BTC.D chart and can't help but notice how earily similar it is to the top of the 2018 cycle. Big double bottom before going into a full bear market. Well, we double...

McGorgeous

Its amazing how many points in both elliott wave and fibonacci analysis match up perfectly to a smaller version of what we saw from dec to march. if it were to come true, we are looking to a retrace of 0.618 ($38,500) before another strong bounce upsward. A new 1,2,3,4,5 wave. Could you imagine what that would look like? Wave 2 of a new super set? Honestly i...

McGorgeous

This is what technicians call 'hidden bullish divergence'. And i'm no expert, but it looks considerable. Getting more 'oversold' on the oscillators as the lows on the daily continue higher.

McGorgeous

Here is the ascending broadening wedge i'm using to guide my LT decisions for ETH. Its traded in here (except for the premature blowup) for the past month with many confirmation points in between. I'm holding. Aquiring more below the range and distributing above. Also note the LT S/R line at this $3,350 area. This was the last line of S/R on the way up to...