There is a lot I've drawn here so let me break it down so your eyes can see what I see.
Start with the range in grey. The top of the range is clearly given to us by 4 exact touch points (red arrows pointing down).
Next look at the red dome arc, that was kind enough to confirm for us with no less than 5 exact touches (blue arrows pointing right).
That red dome is important as it was just dramatically broken to the upside!! (grey arrow pointing to gorgeous green dildo candle).
Price may retrace and retest the arc wall as low down as .60, but I think that .29 wick was the clear bottom.
Now for the predictive patterns. I'm looking at two possible arcs, the yellow and the green.
The yellow looks very high probability with a lot of touches on the way down. It would bring us back to the previous ATH of $4.50 in Q3 this year. Once that is reached, the yellow arc would be complete. Then the price can catapult to a new high, or come back down and consolidate. At that point, we need to adjust and be ready for both outcomes.
The green arc is drawn to follow the trend line given by the range in grey. It looks insane, but that would give us UBT in the range of $18-36 in Q4 this year. We have seen crazier things in crypto, but if this happens I might just get a new lambo for laughs.
I expect this wick to retrace and to get a better entry price than the current $1.63. When it bounces off the yellow or green arc wall, in what I labeled the "Arc Wall Test Zone," or shows a new pattern that isn't apparent yet, it's time to stock up!
The top of the yellow arc (nearing $4.50) is where to take out your initial investment. The top of the green arc, if it gets there, is where to take out the rest, maybe leaving a small amount in, for the case the upper trend line is smashed through.
Enjoy.
Start with the range in grey. The top of the range is clearly given to us by 4 exact touch points (red arrows pointing down).
Next look at the red dome arc, that was kind enough to confirm for us with no less than 5 exact touches (blue arrows pointing right).
That red dome is important as it was just dramatically broken to the upside!! (grey arrow pointing to gorgeous green dildo candle).
Price may retrace and retest the arc wall as low down as .60, but I think that .29 wick was the clear bottom.
Now for the predictive patterns. I'm looking at two possible arcs, the yellow and the green.
The yellow looks very high probability with a lot of touches on the way down. It would bring us back to the previous ATH of $4.50 in Q3 this year. Once that is reached, the yellow arc would be complete. Then the price can catapult to a new high, or come back down and consolidate. At that point, we need to adjust and be ready for both outcomes.
The green arc is drawn to follow the trend line given by the range in grey. It looks insane, but that would give us UBT in the range of $18-36 in Q4 this year. We have seen crazier things in crypto, but if this happens I might just get a new lambo for laughs.
I expect this wick to retrace and to get a better entry price than the current $1.63. When it bounces off the yellow or green arc wall, in what I labeled the "Arc Wall Test Zone," or shows a new pattern that isn't apparent yet, it's time to stock up!
The top of the yellow arc (nearing $4.50) is where to take out your initial investment. The top of the green arc, if it gets there, is where to take out the rest, maybe leaving a small amount in, for the case the upper trend line is smashed through.
Enjoy.