12.5.21
ON A WEEKLY CHART
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
BITCOIN, ETHEREUM and the ALTS Do we HODL, FUD or FOMO?
Looking at the TOTL3 Chart, Retracement/Correction looks pretty normal and healthy based on the Fib Levels and sequential patterns of the market.
The BOTTOMS of the BOXES confirms to re-tests levels in which are all possible key support levels.
1) We can expect a reversal on a 0.618 when the market will re-test 673 for the second time or continue further down to the 0.786 or 1.0.
2) HODL and everything looks good for you. FUD and SUPPLY RISES giving a second chance for FOMOs to grab this opportunity. Institutional traders love this kind of bargain as well ,
so we may see accumulation and distribution within a couple of weeks depending on how traders, especially retailers look at it as an opportunity or not.
3) We will watch out for H&S patterns, Double Bottoms and measured moves.
ON A WEEKLY CHART
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
BITCOIN, ETHEREUM and the ALTS Do we HODL, FUD or FOMO?
Looking at the TOTL3 Chart, Retracement/Correction looks pretty normal and healthy based on the Fib Levels and sequential patterns of the market.
The BOTTOMS of the BOXES confirms to re-tests levels in which are all possible key support levels.
1) We can expect a reversal on a 0.618 when the market will re-test 673 for the second time or continue further down to the 0.786 or 1.0.
2) HODL and everything looks good for you. FUD and SUPPLY RISES giving a second chance for FOMOs to grab this opportunity. Institutional traders love this kind of bargain as well ,
so we may see accumulation and distribution within a couple of weeks depending on how traders, especially retailers look at it as an opportunity or not.
3) We will watch out for H&S patterns, Double Bottoms and measured moves.
Nota
sorry wrong usage of the abc tool. i will reworkDeclinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.