2100 has got 2 week dynamic level support, needs to hold or it could dump quite hard given the bollinger bands on the daily flaring out, macd and obv bouncing off resitance
I was long and expecting 490-500 earlier but the f*&k1nG idiots at 796 ruined that plan and broke all the bullish momentum. No problem, got out in small profit and got short at 2400. Looks like the daily MACD is about to roll and 12hr has got momentum down. I wouldn't try to get long here.... My plan is to possibly play the bounce on the 78.6, but not sure.......
Market has been pumping relentlessly with little pullback since lows around 1951. We currently sit just under the final major bearish trendline taken from all time highs down to recent highs, around 2740. Many bears have been given reasons for grievance and will continue to do so imo. I'm not expecting much respite until we reach 3039 ish ($499)
275 is my current target with a bounce around 330
My short term target is 2180 ish but could head further down to 2130 is before the next bounce
Now expecting 25 yuan target for this bear flag. Huge hidden bearish divergences on 4hr and 1hr
4hr DMI/ADX is turning up again. This is just beginning. Looks very similar to the selloff that happened at 31, Target this time is around 21.7, which puts us at lows for a double bottom
Looking at the out the daily Willy and Godmod... We got serious major buy signals down here and bottomed hard... 3070 is $500 and that puts us slap bang in the OTE and some strong resistance zones....That's where we are headed IMO
We need to break the yellow trendline, then tackle 2500 and push up to 500+
Then retracement is due before BIG push up to new highs
short term push up before final wave c retracement then rally
Looks like LTC is breaking down, but I'm expecting a bounce on the 78.6% fib which also happens to coincide with a possible trendline and 1hr 200ma. I'm looking to buy 30.30 to 30.70 CNY
This could turn out here... valid target is 3003 on huobi which has been the whale target all along... now they have many bag holders to help get there. Could be wrong given the masses of bullish divergences here, but were right on the upper resistance trend line. It seems the clever money could make it happen and maintain bullishness by keeping divergences in tact
Update to previous chart... We need to break this falling wedge to the downside briefly to create panic and get the whales filled up at 2994-3000 CNY...
So we've just had a 4hr Grib breakout and 1hr/4hr have bottomed. Lots of divergences on the 15m macd and plenty of support bouncing off the 50% level from lows to recent highs. This should be enough for a leg up to test the trendline above and fail again (Imo!)
Topped up here and will retrace some. I think momentum will gather and i'm targeting the confluence area around the 61.8% fib, 1.618 fib extension also the trend line from the bottom 2 lows
Short till 550-560, then expecting a bounce to complete the large triangle before the nect major rally (wave 5) see here...