As you know, MATIC has been flying fast and hot. Now it has almost matched its previous moon shot. But primary fib indicates possible wave ending soon.
This is just a quick "heads up" with numbers to watch. If retrace does start soon, I will post a new projection. I am personally unloading my bag steadily since 500 sats.
This fib series confirmed cleanly at 2.618 and 3.618. Then blew past Band 4, and 4.236 is normally tough. In such cases, I have found Band 5 to be a common top.
But that is NOT to say it will stop at Band 5 in above plot. So please do your own analysis before placing any trades. I will post updates as new clues emerge from the move.
This is a long awaited follow up to my Long call at 125 sats:
Prior to that, I plotted the EXACT top:
Above top was after calling an EXACT bounce:
My first Matic plot and trade was May 2019, caught that rocket
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|| || \/ CURRENT chart updates below || || \/
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My bigger picture, and thoughts on the snap:
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.. LOL ..
Minutes after I posted this Idea came the first dip and it Ping'ed the fib just below. Of note: since we are so low in the Sat scale, +- 1 sat is negligible since that is the minimum resolution of the chart.
Will keep an eye on this dip and post updates with any new clues.
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zoom IN :
Fib of the drop (purple) shows why it bounced even after piercing the high tf fib in Blue, and then used the blue fib for spring, watching the bounce now
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Preliminary Zones of Interest:
Lets see how these Green zones do, am assuming we will hit the lower one
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Zone 1 ded?
Affirmative
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Early Retrace wave guess:
Perhaps we have completed "A of ABC" with teh requisite 5 sub-wave structure
but also possible that we have only completed wave "3 of A" thus far ...
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Followup to ^^ snapshot just above^^
ABC correction looks to be underway when last posted above, wave (4) had not reached the support at purple 4.236. It has since come very close and bounced, lets see how high the bounce gets.
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Zoom IN on bounce.
Our little bounce appears to have "fib legs" as in it is displaying a rhythm by hitting certain fibs exactly. Will keep an eye on this, maybe it will go up one more leg before serious correction. ...
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ABC redraw
I am thinking we did finish 5 waves of A, and are now in B which should have 3 sub waves Lets see how this plays out.
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ABC progress
Will it bounce here?
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ABC wow
Maybe .... just .... may ... beeeee .... this stuff is amazing in any timescale, just a lot of fun to do it on small tf's (while trading of course) :)
Of note, I have mostly emptied this bag 500 sats on up, trying to scout prices to buy them back at.
I have a "hodler" strategy of "rolling the bag up the hill". Sell some at resistances, buy some back at supports, rinse and repeat. Until the bag gets so heavy it starts to roll back on you, then get out tha way :)
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WRONG, on last picture above ^^
We got the green ABC as pictured, but not the Red ABC as anticipated So this requires deeper investigation.
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Heads Up for 9.618
This last wave up just hit a 9.618 extension that is quite often a violent Murderer of Moves. Lets see if it does so this time.
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HELP, they're EVERY where!
3 min chart
Wow! now I will need to mesh that into my existing mess :/
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Hints of "a" top . could not ping the 5.618, got rejected at 5.356 with clean pings ... but the thing is in beast mode though .....
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Retrace underway? If it goes down another band or two, time to start plotting fibs on the down wave.
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Holy Cow!
What a crash must have been some news about this coin?