NAUT will get out of the triangleNAUT is a speculative coin, halted since one of its dev passed away (RIP)
The coin tendency will be probably defined in a few hours
The 3 triangles patterns will propose a new tendency, which can be for long if it goes over the 0.618 Fib
Entry : 157
TP 1 : 164
TP2 : 171
TP 3 : 180
SL : 146
This is not a trading advice, just a point of view :)
Fibs
BIOS ModelBIOS hit strong resistance at the 3.00 level and came off pretty hard. Beware, if it falls into the red triangle it could end up in the lower quadrant. However if it can get some traction and push through 3.02 it has plenty of upside imo
Entering Market by Fibonacci's Golden Section As I noted, the market almost always provides the most profitable entry points.
Define them will help the golden section of Fibonacci, namely the ego magic numbers.
By following current theory, i suggested, that the price will dropped to the level of 0.786% also, i put my buy order on this level, and turned out to be right.
There is also a chance to pass by the entry, but in percentage terms this probability is exactly proportional to the input numbers, namely 0.236%
Take a look at the numbers and the overall picture.
Well, at this stage (0.786%) the shadow of a candle on which level you can place a buy order, will inevitably work. Of course, in percentage terms.
Don't forget to read about Money Management.
Please, like this idea if you agree, or comment if think differently
Good luck in trading!
Crash! Boom! Bang! Bitcoin is gonna fall down hard. I think before we can see clouds, we might fly through the hells gate. Observing price movement and whole Bitcoin history we can notice that the price is almost always came back to a certain levels. Not an exception that the bottom can be a point of where departure was.
Please, like this idea if you agree, or comment if think differently
Good luck in trading!
Facebook Potential ShortOk there seems to be a lot happening to back up a short.
RSI Divergence
Reversal candle
Falling volume
Previous support acting as resistance pushing down on price
This setup has occurred several times in the past and every time it falls around 15% this would take us to the major trend line and 78.6% fibs.
All in all this is looking like a good setup, wait for the price to break the lows of the doji or if your conservative wait for a break of the trend.