I've been waiting to release this idea for a while... I think it will have a very bloody crash and will drag along all of the crypto market with it (since it's the 5:th biggest crypto currency).
I think it starts now, these next few hours, and continues almost a month ahead. If it doesn't start the next few hours as I say I'm probably wrong. But I doubt it.
Kommentera
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Kommentera
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Zoomed in (added a few trendlines as a last touch):
Kommentera
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The spike up is probably just a postmortem spasm.
Order avbruten
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Too slow reaction... This analysis is probably faulty.
Kommentera
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There seems to be some truth to this after all... Who knows how far this can fall...
Kommentera
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Kommentera
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Visually you can extrapolate a trendline pointing downwards pointing at the same center at $1.76. This trendline is as you might expect a really strong resistance.
Kommentera
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Kommentera
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Kommentera
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Hmmm... I wish I knew a bit more of this pattern. Been studying it for more than a year and it is still so mysterious and filled with unknowns.
Kommentera
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hmm......
Kommentera
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I guess it's heading up now...
Kommentera
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Kommentera
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Kommentera
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Kommentera
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A little update. I think it's quite probable that it retests the support around $1.9 and $2 in January.
Kommentera
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A little update. Please don't as me for any further comments.
I think EOS is formning a bear flag in 4 hourly chart
UncannyDeduction
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@Adamcaltech, Is that really a bear flag? Hahaha... :)
UncannyDeduction
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@Adamcaltech, I can se it but I don't care. I'm going long.
UncannyDeduction
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@Adamcaltech, It looks like it's preparing for a dive. Doesn't matter, I've decided to go long.
DAVEREXX
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Please update... I'm waiting for the next crash. thanks!
UncannyDeduction
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@coinlife, Hehe... haven't looked at the chart, but just pushing play on this chart above I agree it looks pretty bad.
DAVEREXX
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Love the charts ... any updates ... also, here's my personal addition based on your theory. Thanks!
UncannyDeduction
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@coinlife, Well done, it looks really good. Remember there is alot of ways to place it compared to a normal Fibonacci with horizontal lines which has much less degrees of freedom. You need some trend lines that further prove that you pattern is actually the correct one. (Trend lines interacting with the circular Fibonacci.)
UncannyDeduction
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When placing those extra trendlines i have a feeling your pattern will start to make less sense. (But I'm just guessing.)
I mean the trendlines like I have where they meet at one point. That's at least how I do.
UncannyDeduction
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@coinlife, Why not make a private idea bout it and we can track it.
I think EOS is formning a bear flag in 4 hourly chart