WTC past tells the future
Updated
The similarites between the WTC 180 chart and the Daily chart are notable.
Follow along and see... high by high, and low by low.... on price, RSI,and MACD... the picture is quite similar.
Eventually, the entire crypto market will pullback...but until it does pull back...it has not pulled back. simple, eh?
So IF this fractal holds the same, WTC still has higher to go. I'm playing it conservatively for 2 R ... but with a tighter stop, can really go for 4 R ... or use this as a longer time frame much higher target.
At 2 R, it should be complete this month of February.
I noticed similar mirroring in ETC vs BTC which led me to favor the $3000 Bitcoin pump in October would fully retrace, which it did.
Hope this perspective is helpful.
UIOGD - JMJ
Follow along and see... high by high, and low by low.... on price, RSI,and MACD... the picture is quite similar.
Eventually, the entire crypto market will pullback...but until it does pull back...it has not pulled back. simple, eh?
So IF this fractal holds the same, WTC still has higher to go. I'm playing it conservatively for 2 R ... but with a tighter stop, can really go for 4 R ... or use this as a longer time frame much higher target.
At 2 R, it should be complete this month of February.
I noticed similar mirroring in ETC vs BTC which led me to favor the $3000 Bitcoin pump in October would fully retrace, which it did.
Hope this perspective is helpful.
UIOGD - JMJ
Note
If you look at the daily chart, price has already reached where i drew the first peak... IF continuing to follow the 180 chart structure, there would present a correction back down towards the entry.I'm personally going to use this to compound a bit of the trade...taking profit on 30% here, and using the btc to place order to buy back in at .0000650
Trade active
that was nice. buy order filled at 0.0000650 .... looks like the wick went 1 satoshi further. trade continues with even less risk.
Trade closed manually
apologize for not updating... I closed my position at .000595 yesterday morning.this left me with a break even trade (actually gained .008 R, maybe it covered fees)
at this point, if one held this long, a relief rally could be due before reaching the original stop.. so if not out already, look for a bounce to exit. I would not hold to target any longer.
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