I normally expect pullback at the 0.78% FIB on my...
...chart for BTCUSD. Lets see if it holds true again here at $4,414.60. Meaning, "short" at $4,414.60 may not be a bad idea. It's currently at $4390.00 on Coinbase (GDAX).
This is "copy" of the 4 Day TF chart for the cover sheet for this "idea." No shame in shorting now if one wanted to. However, I believe the higher this thing goes up, the feeling to hold out longer will creep in. So, it's possible it could creep higher. Meaning, it could go higher to the red line explained in the 720m TF in comments below.
We may experience a drop to approximately $3,961.36 (Yellow 4.236% to $3,659.88 (Yellow 3.618%)
Here is the 2 Day TF chart:
Here is the 1 Day (1440m) TF chart:
Here is the 18 Hour (1080m) TF chart:
Here is the 12 Hour (720m) TF chart:
This is "copy" of the 4 Day TF chart for the cover sheet for this "idea." No shame in shorting now if one wanted to. However, I believe the higher this thing goes up, the feeling to hold out longer will creep in. So, it's possible it could creep higher. Meaning, it could go higher to the red line explained in the 720m TF in comments below.
We may experience a drop to approximately $3,961.36 (Yellow 4.236% to $3,659.88 (Yellow 3.618%)
Here is the 2 Day TF chart:
Here is the 1 Day (1440m) TF chart:
Here is the 18 Hour (1080m) TF chart:
Here is the 12 Hour (720m) TF chart:
ความคิดเห็น:
If we go down below $3901.39, there's a good chance it goes further down to the next yellow at $3,659.88
ความคิดเห็น:
The 240m definitely looks like more down. That's my opinion...
ความคิดเห็น:
What I'm showing here on the 240m TF is simply "my opinion." I'm "not" responsible for any trades made based off my TA.
Is it possible it could continue upward from here? Sure... It's the current capital flight and more awareness of bitcoin by the human population that has many wondering "when" will the "pressure" from awareness and capital flight build to a point to where it over powers those who will consolidate. Or can they ever come to that point of being over powered? Time will tell...
Anyway, here's the 240m TF:
Is it possible it could continue upward from here? Sure... It's the current capital flight and more awareness of bitcoin by the human population that has many wondering "when" will the "pressure" from awareness and capital flight build to a point to where it over powers those who will consolidate. Or can they ever come to that point of being over powered? Time will tell...
Anyway, here's the 240m TF:
ความคิดเห็น:
I believe those who have looked at the previous chart can see what I intend to convey with all the white "downward" arrows??? ; )
ความคิดเห็น:
One more chart...
Here is the 360m TF:
I made an addition of another FIB after looking at history. This could go down close to $3,555.50.
Again, all of this current TA is based solely off my "opinion" of "future" events. This could easily form a double top on the 360m TF before coming down once again. That's the question now... Where are we heading this trip up before coming back down?
Here is the 360m TF:
I made an addition of another FIB after looking at history. This could go down close to $3,555.50.
Again, all of this current TA is based solely off my "opinion" of "future" events. This could easily form a double top on the 360m TF before coming down once again. That's the question now... Where are we heading this trip up before coming back down?
ความคิดเห็น:
25m TF (Text Bubbles):
2 Day TF (Ignore Text Bubbles):
2 Day TF (Ignore Text Bubbles):
ความคิดเห็น:
See how the green lines were at there peaks on the 5m and 10m TF's before what appears to be a brief reversal. I have yet to look at higher TF's.
ความคิดเห็น:
Most importantly how the black and red lines peaked in the 5m TF.
Note: The 10m TF black has not peaked. The green and ghost have; not the red and black. So, this turn downward may not be as pronounced as our current move upward.
Note: The 10m TF black has not peaked. The green and ghost have; not the red and black. So, this turn downward may not be as pronounced as our current move upward.
ความคิดเห็น:
We'll have more info in a little over two hours on this 12h (720m) TF:
ความคิดเห็น:
2 Day TF:
ความคิดเห็น:
Looking like it wants to go down more. Maybe to at least $4,124.50
ความคิดเห็น:
We could see $4,050 on GDAX quite easily within the next hour and a half.
ความคิดเห็น:
Simply posting this 90m TF to let you see what I'm eye balling:
ความคิดเห็น:
480m TF Update:
ความคิดเห็น:
Just got back from my poker weekend.
My bad on the bad call on the short. I "hope" those who did short got back in with little damage done.
Anyway, here is an update first with the 3 Day TF to point out a pattern. Does it mean the pattern will continue? No... Unfortunately... But it could... ; )
First I'm showing the 3 Day TF to show placement of the first Over All FIB (BLACK) from the ATL @ $2.22 to the "previous" ATH @ $4,480.00. Then, "note" the placement of the GREEN FIB between the BLACK 1.00% @ $2,980.00 and 1.618% @ $4,820.27. The next chart after the 3 Day TF will be a close-up of the GREEN FIB.
Here is a close up of the GREEN FIB in the 720m (12h) TF with Text Bubbles:
My bad on the bad call on the short. I "hope" those who did short got back in with little damage done.
Anyway, here is an update first with the 3 Day TF to point out a pattern. Does it mean the pattern will continue? No... Unfortunately... But it could... ; )
First I'm showing the 3 Day TF to show placement of the first Over All FIB (BLACK) from the ATL @ $2.22 to the "previous" ATH @ $4,480.00. Then, "note" the placement of the GREEN FIB between the BLACK 1.00% @ $2,980.00 and 1.618% @ $4,820.27. The next chart after the 3 Day TF will be a close-up of the GREEN FIB.
Here is a close up of the GREEN FIB in the 720m (12h) TF with Text Bubbles:
ความคิดเห็น:
I forgot to mention these two previous charts are STAMP "not" Coinbase (GDAX).
I also forgot to mention in the Green Text Bubble how we had a consolidation at the 0.786% FIB around the $4,426 price point (+/- 1.2%). It ended up consolidating at the $4,480.00 ATH and went down near the 0.618 FIB RT @ $3,553 but at $3,600.
I also forgot to mention in the Green Text Bubble how we had a consolidation at the 0.786% FIB around the $4,426 price point (+/- 1.2%). It ended up consolidating at the $4,480.00 ATH and went down near the 0.618 FIB RT @ $3,553 but at $3,600.
ความคิดเห็น:
What I'm posting may seem like a lot. My apologies to those who may be annoyed by the email notifications originating from my updates. However, I feel these updates are important.
This particular update uses STAMP's "history" to reveal the usual Spring's which begin in September for BTC and end with consolidation the First week in January.
This particular update uses STAMP's "history" to reveal the usual Spring's which begin in September for BTC and end with consolidation the First week in January.
ความคิดเห็น:
This is the 2 Day TF "after" moving the 1.00% FIB to the new location at $4,480.00.
A Close Up in a lower TF will be provided next:
Here is a Close Up in the 720m (12h) TF:
A Close Up in a lower TF will be provided next:
Here is a Close Up in the 720m (12h) TF:
I'm still thinking $3,961.36. I could be wrong on that. It could only go down to $4,113.13 and turn back up. One would have to keep tabs on the lower TF"s when it gets close to that price point.
We'll see how this affects other cryptos...