So.. now that we are in the 'Stratosphere of Crypto'
TNT Sunrise did some TA this morning posting a Fibonacci pullback to 21200 Such IS possible...if you do everything by TA But sentiment and whale activity affect TA greatly. They use it too.. and they work with it or against.
I do both TA and whale theory..
How to interpret my Charts... I am a day trader of crypto. Doing this three years. To make profits, I have to call price direction correctly 70% of the time. Note: TA is right 50% of the time. DON'T LET ANYONE ELSE TELL YOU OTHERWISE
For example... a super POPULAR author (arrogant who thinks he is always right) Did an XRP chart condemning it to .40 and below (yesterday or day before) A statement by someone else in the room.. a humble newbie said his TA showed the opposite... And so did mine. The comment I wrote got flagged and removed All I said was that if BTC surged, the newbie would be correct
Mods tend to be overprotective of big authors Which was wrong for them to do in this case...
But case in point.. Myself and the newbie were dead accurate Lesson? Know your whales and think like one!
Forecast Prices will continue to run up and down $ 20 to $ 25 Big FALL still coming.. after XMAS XRP is a great coin with terrible technicals... but you can trade its dips and make a killing Just DO NOT STAY IN
BCH, Litecoin and Stellar also make regular gains You have to chart them to predict when they respond to BTC runs
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So if you look at my Support and Resistance List on the big chart
You might want to SEE How I got those NEW numbers for above 20k I trade on Kraken.. your exchange might be higher or lower slightly
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f you look at where BTC price stands at the time of the snapshot You should be able to imagine a vertical 'backbone' support line
I did not draw such, but you can see a wobbly one using the MA 100 that's the turquoise indicator line
you will notice that price seems to halt there every time after a fallback
.. but ANY TREND LINE CAN BREAK such a fall is often referred to as a Fibonacci correction
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Oh boy.. TNT Sunrise's TA warning now matches what I see...
It's a triangle completing... and a break out either up or down. down is the safe bet
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So the trend line broke... and it was first stopped by the 100 Day Moving Average
But it is up the whales now...
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AMAZING! My new TA lines actually seem to work. Even I am impressed... and owe myself a free coffee.
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TNT sunrise stated 10%... so this may be the start of something bigger.
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This is interesting because it allows a sideways movement -- without destroying the top. If this new sideways pattern maintains for a few days.. with all its hills and valleys... it then makes everyone change focus to the alt coins.
Wallah.. you have an alt coin rally.
The numbers are looking so perfect, that I still feel this has been engineered/manipulated by the whales, nudging everything along.. almost invisible.
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Look at the pattern inside the magic egg
does it remind you of a crystal palace from a storybook? or maybe David Bowie's Goblin King castle in Labyrinth?
Draw an imaginary vertical line down the middle from the top peak
Why is the left side nearly identical to the right? HOW IS THAT POSSIBLE?
It's not.. It's the whales pushing and pulling price.. robot software based on algorhythms yes. Virginia, this bull run is MANUFACTURED
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