New moon strengthens resistance, breakout appears likely after weekend, buy LTC at 0.0155.
My previous channel prediction did not consider a longer short-term downtrend. New moon could bring another weekend downturn, so resistance will likely hold into breakout early next week. I'll put a buy order at 0.075 and be glad if its filled.
Nice pump on STRAT, some neets say STRAT is like where ETH was a year ago, could moon (already polo'd). Wavetrend shows overbought on 30 min candle, strong channel to correct to in short term, not enough tech for confident setup, buy zone obvious.
Looks like short-term downtrend is broken and ETH moving into a channel, too early to confirm though. Made a critical trading mistake, thought I'd play both sides of the coin, sold ETH at 0.0827 hoping to buy 0.078, should've waited for 0.078 to buy only.
Buy 0.0161, sell 0.0168. Looks like downtrend will remain intact, until squeeze.
Buy 0.078, sell 0.081, next 5-10 hours. Short-term downtrend squeeze into long-term support, breakout seems likely after squeeze.
Another Elliot Wave idea, STRAT 5th highest volume on Bittrex past 24h, broke downtrend, once Elliot point E bounces upward correction to follow. Trading idea: Buy Strat at 0.00165 once E is confirmed, Sell at 0.002 (20% profit), stop loss at 0.0016.
Playing with Elliot waves still, yesterday's idea was my first TA and worked well! 1) I used fundamentals of BIP uncertainty to decide ETH is going down with BTC, would rather want to read that from TA alone. 2) I should set wave lines to be parallel, it's the best gradient info we got when completing a pattern, my line 4 was too slow. 3) I should follow my own...
My first TA! Elliot Wave in triangle bounce up to 0.098 in 6 hours, then down. Correction down to follow on BIP fud?