Hoping for 5 wave pattern in this channel. target 275 entry 120 stop 95 (will be trailing progress)
Noob warning. Do not listen to me. Eth relating pairs have had trouble getting out of their initial decline in value. seems like a good R/R trade. Can use tight stops and observe price action and news
XCP shows interesting tailing trend similarity compared to STORJ shown with red line with which they have a collaboration. As storj shows promise to break ascending triangle, and xcp shows similar but delayed ascending triangle, I will be adding to my longs on both. Background: smart contracts on bitcoin blockchain and storj collaboration? sounds hype-good.
Drop in volume, increasing buying pressure, enormous size of ascending triangle to where % and value match are about 40% different, healthy consolidation, fantastic long. Recently similar long materialized on Lisk. Accumulation is happening right next to the all time high where it was overshadowed by Sia launch. This looks like enough pressure to overcome the ATH...
Lots of debate on this one. Just loaded up on btc as I think this was the temporary drop from the descending triangle inside a descending wedge. The height of triangle suggested bottom should be around $560. Wedge top is around $610. From there it should fire off towards next FIB level at $704
Noob alert - don't listen to me. The highs are getting lower, suggesting retracing is needed to check the floor. Next floor is at 0.00972. If it passes, it's free to go for new all time high. Be safe.
noob warning - I'm a noob. consolidation, pump, retrace, consolidation, pump, retrace, consistent pattern of all time highs would be confirmed with a 3rd all time high in a row, and likely give enough confidence in etc to break trend and go even higher. at the moment going for 0.007* but depending on momentum might go further. I'll consider opening eth short in...