This is a follow up from Analysis dated back to Feb 15, on related ideas, where I predicted an year long bear wave 4 with btc going down as low as 3.0K !! On this follow up I would not trash the 3.0K but will put a new perspective into place using a projection of what happened back in 2015 to current scenario. The 2015 crash ended after hitting the circle fib 1.0...
When was still April I set this bearish target of 5.2K you can see below on related ideas "Battle for 7.8K" and market make lots of swings and finally hit it and break it down immediately so I need to get back to the broader picture with circles coming from the ATH so after many many harmonics getting broken we can figure out where is this rabbit hole...
Two harmonics on same chart to keep monitoring, by breaking below those dashed circles market will take impulse downward, at the same time holding it is a good sign of recovery or reversal... If you like my charts show some sort of support please ?
After making a double bottom market got some time to renew it's momentum and this make spot market weak. Let's see how this will unfold !
Market got pretty hard with so many harmonics and plot every single harmonic on same chart is not practical. Now we are back to daily timeframe as all other inner TF got their support broken down. Is there a chance to go further down ? Well there is always a chance both ways, look this other harmonic below: If you like my charts show some sort of support so I...
American shale oil, Iran mass sales, the world is about to change ! Let's see how fast this is going to be !
Our support in green is looking set to break down, at the time I am publishing this it is above so this chart is the next harmonic just in case it happens. Since market is filled with several harmonics is very hard to get the main and mighty one. For those following me for a long time, you already know, the support is always the 1.618 circle fib, the blue big one...
With a double bottom both at Circle fibs and Margin market, still spot didn't cross the 4H MA, by crossing it, rocket will fly ! On the other side there is a very close support to look for as market could still go another trap ! Circle green dashed curve is the support to monitor, with MA also on chart ! If you like my charts show some sort of support please ?
Market got a double bottom with lowest margin trade this year reaching same levels as last year. Too danger to short here. If you like my charts, show some support.
This is the next near harmonic as market keeps it's accumulation.
Gold is a storage of value used by Central banks, always good to monitor, will this role migrate to crypto with time ? Where is this triangle breaking to ? Right now it looks on middle of anywhere, so just setup curves for bears and bulls
WTI reached harmonic level both on std fibonacci and circle fibs, it is slowing a bit from there, let's see if this hold.
Back to wider timeframe the nearest stronger support is the dashed green curve. As market failed to break up and got inside triangulation again bears have a chance to strike back once this support is broke down. There is plenty of harmonics here, so the market could still continue sideways from harmonic to the next harmonic as it is doing for the past month. Zoom in:
Another hard to chart, could go either way, but everything on your time and time is about to come on our green dashed curve.
Looks like we got a new formation so this is the new circles to monitor for the margin trade BTCUSD. Just look the circles for potential support and resistences, no targets for now !
Market very much the same, some minor adjustments on our curves in relation to last idea
After failure to go further up, BTCUSD got a massive correction. Market is now on a gray region between previous low and previous high. So we are monitoring both bulls and bears as always any circle break would trigger more action. Possible targets for both directions on chart, just look for the green flag !