What a month a January was, wohoo! I hope you guys held, and sold at good profits :)
I was surely off on some of the fractals of the January, and the patterns was a lot stronger. We did hit our expected FIB correction price.
No, so what is up with February: It comes down to if either 3-5 or 1-2 bull rally. Depending on that we are going to have a few possibilities here: ABC, Asymmetrical triangle or range trading. As you can see on the chart i tried to reflect how and what can occur.
We also could have a new channel formation. And you can see where i am pointing for a potential drop. So don't panic, be strong. You will do alright.
As long as you know what and where the market is going, you are armed and focused on either holding or decreasing your position.
We also see that MA's have turned all bullish. THIS very strong movement by CRYPTO, this is not some off shoot. Something have definitely not as it used to be. I don;t think we will ever see sub 5k BTC ever for some time. I still, projecting BTC to hit close to 30k FYI.
What else, volumes are pretty good so this rally is backed by stonger volumes, so we are going to have a lot more people HOLDING their assets as long they maintain a positive gains.
Finally, between Iran and China, the appeal of crypto as mean of hedge against devaluation FIAT currency is becoming ever more apparent.
Hold strong brothers, checkout my January TA and look how they all turned around.
I got to say: MY wife is happy!
_______________________________ Reflection on January Report: --------------------------------------------- I don;t post a lot, busy with other things atm, but if you request, i will deliver :) Below are some of my requests :)
Good Luck Everyone! Lets make Crypto Great AGAIN!!
**LEGENDS**
BLUE = Bear/Resistance Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place!
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