KMD may be looking to start moving in the next 12 days.
First off, sorry for all the trendlines. I like using them to find out what the pattern a chart is expressing.
Here are a few things. The purple boxes are the major consolidation areas before or after a move. With the trend looking and BTC going sideways, we should be seeing KMD start accumulation phase again and consolidate side ways into the blue and purple upward trend. If the current support breaks, we should be looking to go down to the next purple box below for support. If our support trendlines were to hold we could see a couple of scenerios. One, we go into the channel of blue-purple-blue uptrend to look for the next ATH, which to be completely honest, is not too high of a chance happening in my opinion. This is purely because what may happen to BTC in the near future. Second, which is more likely, will allow us to go into the grey sideway trend to start rallying upward and maybe bring both the 231 MA and 77 MA together to a flatline, then look to breakout for the ATH. This is more natural because of all the downward momentum that is pressuring the trend line. The two red circles indicate that the trend reversal may be happening. We are going to retest the Kumo cloud to try for an breakout.
Due to market manipulation, we may see a few spikes here and there. We have just observed a manipulation last night and it has successfully rallied the buys and made it move up by about 20% before retracing to a consolidation. If it gets more manipulation we are more likely to see it fall to the below yellow box to look for support.
Let me know what you guys think.
Here are a few things. The purple boxes are the major consolidation areas before or after a move. With the trend looking and BTC going sideways, we should be seeing KMD start accumulation phase again and consolidate side ways into the blue and purple upward trend. If the current support breaks, we should be looking to go down to the next purple box below for support. If our support trendlines were to hold we could see a couple of scenerios. One, we go into the channel of blue-purple-blue uptrend to look for the next ATH, which to be completely honest, is not too high of a chance happening in my opinion. This is purely because what may happen to BTC in the near future. Second, which is more likely, will allow us to go into the grey sideway trend to start rallying upward and maybe bring both the 231 MA and 77 MA together to a flatline, then look to breakout for the ATH. This is more natural because of all the downward momentum that is pressuring the trend line. The two red circles indicate that the trend reversal may be happening. We are going to retest the Kumo cloud to try for an breakout.
Due to market manipulation, we may see a few spikes here and there. We have just observed a manipulation last night and it has successfully rallied the buys and made it move up by about 20% before retracing to a consolidation. If it gets more manipulation we are more likely to see it fall to the below yellow box to look for support.
Let me know what you guys think.