Next stop, call it temporary bottom, will be $170 - $180. This targets are based on fib fan analysis. (brought to you by /r/shibedojo)
Next stop, call it temporary bottom, will be $170 - $180. This targets are based on fib fan analysis. (brought to you by /r/shibedojo)
Ha!
Let's see if we bounce off 200.
No. See:
żDo you think that we're going to touch sub-200 prices?
Let's hope it doesn't. We've been in the black tuesday, lol.
The chances that a bottom is above 200$ are slim to none in my opinion.
Still no interest at all at these prices, and not enough panic. I would say 180$ is pretty much a given target, and most likely all the way to ~100$
Bid-ask ratio is 1:5 in BitStamp and 1:9 in OkCoin.
Those waiting buyers could get nervous at any moment.
Agree we are in overbought zone, pure technically. However, at this momentum I think $172 is possible at 60/40.
See:
brought to you by /r/shibedojoThis is just my opinion based on the fact that the drop is still way too slow to become the bottom, i expect to see a real freefall with people just market selling in panic to the point when it becomes the "oh fuck, now the price is REALLY low" moment.
Just does not look its there yet.
I didn't say that could happen. I expect the same in a way. But I don't expect it happening today. We will most likely bounce soonish, at least that's my expectation what comes next.
I would call 215 bottom for now. Guns are loaded everybody seems to wait for the signals right now.
Indeed, $212 could be a minor bump on forming the giant inverse wedge. $170 the next stop. Then catapulting us to total market capitulation around $80. This is were the experienced swing-trader will close his last shorts.
Newsshot from /r/shibedojo14 Jan | Evening (CET as always)- Both Huobi and BFX seems to head for a re-test of lows, after the sym. triangle broke to the downside
- Inverted Wedge pattern, if this means anything
- Support: $176, $168, $148
We predicted $160s 14 days ago - Congrats to all who believed in pure technical analysis.
Projected pessimistic targets back on track. Let's see if Bear momentum of last week will return or not. Bulls not easily frightened these days. Yen 1250 on Huobi is major Support zone. If we break that, it is the $136 target we are projecting. Good luck trading!
Projected pessimistic targets back on track. Let's see if Bear momentum of last week will return or not. Bulls not easily frightened these days. Yen 1250 on Huobi is major Support zone. If we break that, it is the $136 target we are projecting. Good luck trading!
Why $136?
It's where the major fib fan ray drawn from Gold Parity levels runs at the moment. -If- we manage to go down further, before a parabolic gap-filling up to $250-ish (like on simliar drops before), then I would say $136 is the minimum we will see for now.
The 30-min MACD is in full negative swing, which tells me that Y1300 will not be able to be held and a serious re-test of Y1250 will occur, that level has proven as a pivot point for the last few days, so it will be interesting to watch.
I will tell your mum that your are up late!
It's impressive how the low volumed bull momentum manages to take bearish fib fans level by level - There is no indication for a bearish divergence on my screen, too.
OK Coin
Similar to what happened when the bear market ended at $65 after the $266 peak...
Nice pics. Nevertheless what we have today is not quite the same if you look closely. Today we are seeing an text-book bear flag (sym triangle with slowing volume) indicating lower levels in an Wave 4 Elliot Cycle. Sure it could rebounce, but that chance would be 40/60, so my bets are on bear until I see a rounded bottom or similar reversal indication.
Coin is dead. /r/shibedojo is considering moving towards EUR/USD. BTC seems to be over. There will be no Winklevoss 10K. Dreams. Great for poor people. Rich people dont dream, they live.
