Multiple rejections of support and the FIb. We are primed for a big move in the right direction. Historically speaking we need to clear rejections of the fib for a higher probability to the extention.
Multiple Rejection of FIB, going to reach extension and hit 4500+
As we can see Ether is clearly rejecting the .786 FIB multiple times allowing us to developed confidence in this as a level of support. Target is -.27 at 5k.
I believe that this market cycle is mirroring the 2013 cycle which could possibly bring up the question if there are two market cycles and it alternates. In 2013 we saw a local top followed by a summer lull to then continue the bull market. I believe we have put in the summer lull and we are on our way to reach the Market Cycle top. I also believe that we are...
Perfect set up on truelieve as we have our second bounce off the rib and a support zone. Targets are are normal, the fib extensions.
Should see XRP break out the of the ascending triangle and reach for ATH before Nov 15th.
hmmmm..... Seems that these levels of support line up with some key Fib levels. This could easily be invalidated, but the way the market and current state of the world is gives this a higher proabability. I am loading up on SPXU.
As we can see we have a text boom fib extension set up. The 2nd phase on the .618 was achieved indicating higher odds to reach our extension target. Invalidation to this set up will happen if a daily candle is placed through the .618 September is a bearish month which is worth noting as this is quite a bullish set up. If market moves sideways I will be...
As we can see we have a text boom fib extension set up. The 2nd phase on the .618 was achieved indicating high odds to reach out extension target. Invalidation to this set up will happen if a daily candle is placed through the .618 September is a bearish month which is worth noting as this is quite a bullish set up. If market moves sideways I will be looking...
As we can see; the .618 lines up with the previous level of support and the moving averages. It's also important to mention that we are in a bullish phase in the market cycle for ether and were are forming a bull flag which leads to an updside bias. The fib extension can lead us to believe that a 21% dom is in our near future and a possible retest of the trendline.
As we can see we are in the weekly chart. We currently are in a level of resistance, but as we know the more times its been tested the weaker it gets, hense the HH whick. No weekly closure was set above it so it's not to concerning. A fib has been plotted on the chart and it clearly shows that the .78 has been tested, ideally we would look for a 2nd test to...
in coordination with my BTC dom chart, we are expecting BTC to rise up slightly which would cause ether to fall. As demonstrated by the arrow I believe a retest of the support will be held and possible which to the 50MA but ultimately will out perform BTC.
I foresee that btc is will rise to retest the trend line and resistance but will ultimately retest the lower low. Expect altcoins to make a nice run if BTC does in fact fall after the retest.
1. We are facing resistance of previous high and 100 MA 2. we are needing to fill the CME gap at 34.4k -33k 3. Zone lines perfect with fibo