MrRik
@t_MrRik
What symbols does the trader recommend buying?
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avg entry TAO $238Thoughts? 1/2- on Daily, looks like consolidation, trying to break ATHs. If we cool down we might test prev ath as support, then continue.- on 4h, big bearish divergence which indecates down could be the next move. Although could be invalidated if RSI makes HH.IF .. THEN- IF we continue higher, my first sell target would be 575$- IF this was the move, then retrace to at least prev ATH, preferable 0.5-0.618 for buying.
SUI had a nice run, price discovery. While Aptos at 1/2 of ATHs. SUI also jumped over Aptos in terms of FDV 15b vs Aptos 9.7b.Aptos had big involvements with FTX maybe that's why sellpressure and underperformance. In terms of chart: - ATH - Low --> FIB 1. beautiful retracement to 0.25. 2. bounce to 0.618 got rejected3. tested 0.5 as support4. now decision time.Bull case:IF this is a big bull flag forming, and breaks out to upside, then target ATHs;Low time frame: potential head and shoulders, if plays out we revisit bottom of the channel.IF we go downside, 7.8 - 8$ is where i would start buying.
avg entry TAO $238Thoughts? 1/2- on Daily, looks like consolidation, maybe test prev ath as support, then continue.- on 4h, big bearish divergence which indecates down could be the next move. .IF .. THEN- IF we continue higher, sell target of 575$- IF this was the move, then retrace to at least prev ATH, preferable 0.5-0.618 for buying.
This fractal matches my idea about how Ethereum and the market will perform in the upcomming years / months. As you can see there is a good amount of confluence in major trend lines and levels, as well as the time horizon matches the usual crypto cycle. What are your thoughts on this chart? I definitely see this as a chance. Maybe we do a last push up, but then i'll update the fractal and keep you updated!Cya.
Using a fractal from earlier this year, we see BTC following the same PA as it made earlier this year.Takeaways- Bitcoin making HTF HH HL- Bitcoin chilling an consolidating in the fib golden pocket (0.5-0.618)- 50% retracement but keeping bullish structure in tact- potential bullish divergence- Macro trendline may serve as resistance for the rest of the bullrun- Red Christmas, New year dump, january pump
Last time we saw a daily candle like we're having now, BTC dropped 4,5k the following day. Shopping day tomorrow? Who knows..
Last time we saw a daily candle like the one today, we dropped 4,5k. Shopping day tomorrow?
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