Hubris

MMMM!

Hubris تم تحديثه   
BITFINEX:BCHUSD   None
I've put the 'Reversal Pattern' (red triangles) fib proportion (0.236) relative to the previous highs they reveresed from and this is what it looks like.

We have completed a 3 wave move now and will head lower, bounce off the 2017 support, a big candle up with a gigantic wick to $1340.

Short, then Long, then short, then MOON.
Looks like it will get very volatile very quickly. Don't miss it and good luck.
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TRY AGAIN!
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I like risk!

Buy $910 – Sell $1300

Expected entry date: 2018-04-24
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I see this going up much higher sooner, if so, there will be a hard pull back from $1300 or even higher.

Perhaps to the 0.382 Fib level – $1793 as this is a much more demanded 'coin' than it was in 2017.

This is a bottoming process and has become unpredictable as bulls become bears and bears become bulls etc. etc.

I see massive profit taking after the next move.
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Looks like we printing another small bull flag here - more upside immanent.

How high is guess work - next Fib level is $1336.

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I'll have to go back and re-size that red triangle reversal pattern - this coin is going to be big.
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Looking like a small rising wedge that will develop into a wider re-trace for now.

I'm out.
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Here is a follow up chart of the red triangle pattern repeated from 2017.
(Pure Speculation, based on previous market behaviour)

RSI overbought - expect a modest consolidation before final spike higher to over expect a FOMO surge then hard re-tracement.

Volume going lower: normal for consolidation before next push.

BTC looks like it will print that bear wedge and reverse with the alts.

Alts reverse harder than BTC.
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And he posts it in the comments section twice, what a donut!

A word on hope: we all tend to chart the we hope things will turn out, it is difficult to be completely objective and hope is not a strategy.

FYI: I hope that the is a strong reversal for a long position.

Lets see.
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Updated Long term view AGAIN!

Just wanted to point out the similarities once again.

I moved the uptrend pink line down to the same level as 2017 and it forms resistance here at $1100ish.

I see a final push to $1330ish forming that wick as in 2017 in the coming days.

Then down down down.

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Ok, so I'm allowed to change my mind every ten minutes... I bet you do too!

I zoomed out for a little perspective.

Taking the wait 'n see approach.

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