KNC.usd Bubble Popped or Loading for next Leg? KEY levels Mapped

2020年3月1日

Friends, please hit the LIKES to encourage these publications.
Between Mod duties and my own trading it is not easy to post.
I will do my best to update, or post new plot if this changes.

Kyber Network Coin recently added to Coinbase.
Thus the spike which looks like so many others.
"One Spike Wonder"? or will make another push?

This coin has been around for quite some time.
Last big spike was after the addition to Binance.
Since then it just melted away, like so many alts.

Now it has gotten a boost from US retail market.
Will Coinbase population buy and hodl this coin?
Or will whales pump it then dump it as usual?

The numerous zones are needed for gauging strength.
Plus the amplitude of the spike caused many ripples.
Of interest is which zones react in which manner.

$ 0.8034 - 8093 is the Decision (neutral) zone.
Break and Retest could launch the next leg.
Currently looks like bears have control of it.

$ 0.7475 - 7539 bounce would be Ultra Strong bullish.
$ 0.6916 - 6962 is the Minimum Expected retrace level.
$ 0.6705 - 6710 looks Likely to be Hit, possible bottom.

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2020年3月1日

註釋

Nice Ping

Very nice bounce on the "Strong Bull" zone

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Zoom IN (1 min) beautiful acknowledgement of the zone,
Now heading towards the Decision Zone.

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2020年3月1日

註釋

Pong (after Ping) :)

Just hit the decision zone as anticipated Committee meeting in progress I guess

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2020年3月1日

註釋

Breakout Attempt in Progress

Bulls got past the Decision Zone briefly but ran into that Thin Blue Line (fib)

Interestingly enough, that Blue Fib line is from this series That is what I call the "Pulse" fib.
Kind of like a metronome, keeps the beat.

Also notice the 9.618 top!
I have an entire "Chapter" dedicated to the 9.618: "Murderer of Moves":

^^And interestingly enough (again), KNC was the Poster Child for that Chapter. How fitting!

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2020年3月2日

註釋

( ( Ping ) )

Just touched the "Minimum Expected" zone

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Zoom IN (5 min) Nice Ping.

But I DONT think it will hold, lets see...

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2020年3月2日

註釋

Another reason to think this could bounce on 1 min: this fib looks pretty tight.
4.236 is a very common end of a wave.
Especially when the 2.618 has reacted.

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2020年3月2日

註釋

So much for the 4.236!
Lets see how the 4.618 does

after that pause at the 4.236, bulls better jump in at the 4.618.

Otherwise, not good :(

2020年3月2日

註釋

Knife catching exercise

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2020年3月2日

註釋

Stop Loss at Break Even now https://nowhttps://www.tradingview.com/x/pRwO5uup/

..

2020年3月2日

註釋

Stop Loss at Minor Profit now, hiding behind a strong fib (4.236)

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2020年3月2日

註釋

That dark blue fib above, now put into context of original plot I had expected we go to the thick dotted line below at .6075 and still might. But the Dark Blue fib gave a nice Ping on its 4.618 after a clean ping and bounce attempt at the blue 4.236 just above.

..

2020年3月2日

註釋

uh oh ran into fib of next order higher

..

2020年3月2日

註釋

Might add a wee bit if we come back to the blue 4.236 and show some signs of bounce

..

2020年3月2日

註釋

Thus endeth our Knife Catching excercise: SL at minor profit hit.

Oh well, worth the try, covered fees and spread and cleared a wee bit of profit.
Will keep watching tho, really looking like it wants to bounce.

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2020年3月2日

註釋

Beautiful!

Brings tears to my eyes

.

Zoom IN (3 min) for a closer look Nice bounce, now into possible resistance.
Took some profit here, will look to add again at support

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2020年3月2日

註釋

12% move

Nice recovery might see a bit of a pullback here,
or maybe not, looks quite strong here.

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2020年3月2日

註釋

Heads up for Resistance

mid-78 cents will be resistance and 80 cents will be Royal Resistance

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2020年3月2日

註釋

Ping

Nice ping on the support zone at .7232 Would be a perfect little retrace if it holds...

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2020年3月4日

註釋

Not good

Cascading through the zones At least it is recognizing each one.
That means sooner or later it WILL come to rest on A zone.
Which zone I never know, so I draw all interesting ones,
and watch the reactions to confirm or deny each zone.

So we are pretty much at the bottom of the acceptable uptrend retrace.
But I gotta admit this pne is in danger of slow decay to the nether worls :(

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2020年3月5日

註釋

Awesome Bounce, and of course from A zone

Bottomed PERFECTLY at the "Uptrend at Risk" zone

.

Zoom IN on bounce Might be ready for a pullback here,
but looking pretty strong!

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2020年3月6日

註釋

Heads up at $0.7289

-0.618 extension after a bounce from 0.618 retracement Watching closely here.

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2020年3月6日

註釋

Pulling back as expected. Lets see if the support zone just below holds or not.

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2020年3月6日

註釋

Moment of Truth

Just hit first support

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2020年3月6日

註釋

We have a bounce?

Decent bounce but form a little below the originally mapped zone it bounced off the -0.236 extension of new purple fib of last bounce.

I will now make some adjustments to the zones based on this new info/data.

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2020年3月6日

註釋

ALERT

The more I look at this bounce, the more it looks like an ABCDE I think ABCDE rather than a 12345,
because the waves are overlapping.
12345 really should not have overlaps.
ABCDE almost always have overlapping waves.

So time to become very CAUTIOUS.
This could drop an ANY moment.
UNLESS we get past 80 cents and confirm as support.

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2020年3月7日

註釋

Ping

Just hit the lower bound of "Strong Resistance" zone again absolutely perfect reaction.

Now lets see if it can get past.
I think yes, since this zone was hit before,
and with every hit the zone gets a little weaker.

(needless today, the ABCDE proposed in last update above looks to be IN-validated.

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2020年3月7日

註釋

Zoom on above Ping WOW

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2020年3月7日

註釋

Pong

"Pong" as in opposite of Ping

:)

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2020年3月7日

註釋

Perfect "10" on this Fibnastics Routine back to back 618 handstand kick overs :)

Gorgeous. BUT also acting more like an ABCDE than a 12345 thus far....

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2020年3月7日

註釋

I have posted a NEW idea, with a Hyper Bull scenario and updated zones of interest

I will be posting updates on above idea from now on.

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