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.
Note
AB=CD Fibonacci Retracement Patterns. More or less these are TARGETS if ever it does make an AB=CD Pattern. The beauty of measured moves is that the time and price can be close to accurate if all conditions are met.
Note
sorry wrong usage of the abc tool. i will reworkNote
Note
COMPARING TO THE TOTAL 3 CHART: 1) RSI at Half while Stoch is at 22
2) Volume and Moving average show a lot of FUD happening with its decreasing
3) Fib 0.618 Reversals are still far.
We can expect another week of the downtrend for BTC, ETHEREUM, and ALTS.
Note
Possible Head and Shoulder: Looks like it would be a bear season in the short term if ever it makes a lower shoulder. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.