I feel kind of bad. Almost every chart I am putting out these days seems to have the feeling of sell sell sell and wait for the drop.
Onto ONT. This (chart wise) has been quite spectacular throughout the last 2 months. Holding its sat value of at least 7.9k.
I believe this has a high chance of being over. Not only did the rally up around June 6th fail to break previous highs, but we recently went under our old lows of 7.9k. The moving averages are also looking like poop.
My predictions for the fall (if it does of course which i believe it will) BTC looks horrible after all.
Drop to 6357-6678 with short bounce upwards to 7k-7.25k.
Then drop to 5600-5900 before making an actual attempt to regain its old value. The beautiful thing about a drop to this mid to high 5k range without bounding around at mid 6k, is that there is a lot of open space to encourage buyers to gain profits before we reach our old support of 7.9k. Also this decreases the chance that people who bought at 7.9 will want to sell out before we re-test at 7.9 (the concept of the cycle reaching 7.9 for a final re-test to be over)
I could say more, but it just seems like a waste of time at the moment. If this drops i believe it will most certainly hit 5.6k-5.9k. There is simply too much support at this level and too little in between.
Tl:DR The more lines closer together the better the resistance.
Onto ONT. This (chart wise) has been quite spectacular throughout the last 2 months. Holding its sat value of at least 7.9k.
I believe this has a high chance of being over. Not only did the rally up around June 6th fail to break previous highs, but we recently went under our old lows of 7.9k. The moving averages are also looking like poop.
My predictions for the fall (if it does of course which i believe it will) BTC looks horrible after all.
Drop to 6357-6678 with short bounce upwards to 7k-7.25k.
Then drop to 5600-5900 before making an actual attempt to regain its old value. The beautiful thing about a drop to this mid to high 5k range without bounding around at mid 6k, is that there is a lot of open space to encourage buyers to gain profits before we reach our old support of 7.9k. Also this decreases the chance that people who bought at 7.9 will want to sell out before we re-test at 7.9 (the concept of the cycle reaching 7.9 for a final re-test to be over)
I could say more, but it just seems like a waste of time at the moment. If this drops i believe it will most certainly hit 5.6k-5.9k. There is simply too much support at this level and too little in between.
Tl:DR The more lines closer together the better the resistance.
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Sooooo bored of trading. Literally a brain dead sport that only takes guts (GUTSSUUU). But someone has to make money off of others.
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Just in-case any of yall see this. I look at over 100 coins so thats why i put real buy points much lower than what is needed. I'm not surprised if these things bounce in between where i want to ultimately buy them (especially right on the lines).
Super ont serious note, If this gets knocked down by the 200 MA (and the resistance we can see where it is) then were going towards those buy points i mentioned.
Check out my other charts in the mean time or the videos. Easy 50%+ yesterday on poet
Super ont serious note, If this gets knocked down by the 200 MA (and the resistance we can see where it is) then were going towards those buy points i mentioned.
Check out my other charts in the mean time or the videos. Easy 50%+ yesterday on poet
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Actually i used the word "needed". What i meant is that i want to have good buys that will give percentage, not small buys on small trends. I want the big buys on the big trends. And im willing to look at other coins in the mean time until that one coin gets to the specified buy point.
Ont is only partly worth it to me if it can go up and flag over the white line. Refer to my ppt chart if you want to know the exact motion i am talking about.
Ont is only partly worth it to me if it can go up and flag over the white line. Refer to my ppt chart if you want to know the exact motion i am talking about.
