representing only the downtrend line and the fibonacci lines based on the main pivot
with this analysis I just want to point out the downtrend line that exists in cryptocurrencies. TOTAL ETH-USDT
fibonacci regression fibonacci projection support levels uptrend line downtrend line
This analysis consists of evaluating all the money in cryptocurrencies and relating it to the amount of dollars in circulation in the world. This proportion is given by TOTAL divided by MONEY STOCK There are both support and resistance lines with 3 points or more confirming them. It can be said that strong trends emerged from the moment that breakout and...
Trying to copy patterns and timing... I came up with something like this. Do I believe it will be something like this? YES Do I believe that the consolidation edges (support and resistance) will be respected? NO. But anyway, it already gives me (you) a notion of the next bullmarket I used fibonacci on the bottom to define the next bullmarket target.
Using fibonacci supports, BTC/M2 has just broken 1.618. It will most likely test 1.0 fibonacci support this year. In BTC/M2 it is possible to identify two very strong bear market patterns: - Exact double top pattern - Bearish Flag Pattern Both in yellow.
BTC dominance is indicating a rise to approx 55%. This means that BTC will probably lateralize and fall in the coming weeks while TOTAL2 plummets much further. Both BTC and TOTAL2 are being approached with /M2 to get a clearer sense of concrete values and ignoring any kind of inflation This scenario is based on past bear market reactions. <--- This is simply...
There is this downtrend that has not been broken yet Currently LUNA has dragged in the last hours under support and on low volume There is a possibility that LUNA could fall in the next few days to the next fibonacci support This scenario would represent a drop of approximately 47%.
Basic LUNA Analysis There is a chance that LUNA's organization has liquidated all the money and now only "fair trade" is left No idea which direction LUNA is going to take
Fibonacci 1.0 = ATH 2018 = Resistance 2021 = last summer support Uptrend defined by the start of the bull run My opinion: if it breaks 1.0 fib, TOTAL will drip on support next fibonacci support along with uptrend and back... recovers end of 2022 and beginning of 2023
This chart shows BTCUSD/M2 Objective: to analyze BTC disregarding inflation. My opinion so far: If it breaks the uptrend line (and confirms a breakout), there is a high chance of a flattening and devaluation in 2022. MA 50W denied 2 times MA 100W used with previously supported and currently broken MA 200W using as bottom Green support under level...
Fibonacci progression set from the first and second major ETH pivots The fibonacci levels of these pivots are represented in the chart Gann Fan applied and indicated the high and low trend lines
I just wanted to represent the idea that bitcoin is within the gap between 0.382 fib (resistance) and 0.236 fib (support) log growth curve. I also drew a downtrend line (between ATH and last pivot) and marked the intersection with 0.236 fib.
Yellow lines are trend lines that at different times were used as resistances and started to be considered as support. White lines indicate BTC channel from daily close. Red dashed line indicates downtrend line of BTC. Upper dashed red line is parallel to the lower line and starts at ATH. White dotted horizontal lines are support and resistance of BTC history.
Handle bottom equivalent to 1/3 of ATH Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of...
Analysis consists of considering fibonacci progression using the first pivot. The purpose of the analysis is to show that the supports and resistances of BTC and any other cryptocurrency (in general) are extremely well defined in the technical analysis of TOTAL The "maximum" fibonacci progression is at level 1.0 It is noticed that when reaching 1.0 fib in...
Fibonacci retracement applied in TOTAL Apparently it is respecting the maximum retraction 1.0 Downtrend line continues = daily highest Dotted downtrend line = daily close
Regarding the last analysis (TOTAL comparison does not update). Purpose of technical analysis: Indicate support and resistance from the Fibonacci progression.