I'm definitely no expert on patterns but this seemed pretty legit to me. Perhaps someone could tell me otherwise if I'm wrong. I'd post my charts on BTCLONGS and BTCSHORTS for reference but they are currently very messy. If you check them out yourself, you'll likely agree that LONGS looks much healthier than SHORTS. All said and done, I'm extremely bullish right...
Now that I understand the Gartley pattern a little better than I did when I first posted it, it seemed worthwhile to illustrate these additional target zones, which are comprised of the fib ratios from the XA leg from action point D. (A fib extension from X to A, back to A - then move the bottom of that fib extension from A to D)
I was just learning and teaching the Garley pattern at the same time earlier today... went looking for it and found it pretty easily both here and on WAX so far. I've been invested for quite some time, waiting for last year's buy-in to finally pay off. The higher target is likely in the very near future, I believe. It looks like it's finally about time. Standard...
We aren't necessarily making any predictions, just highlighting the most obvious support and resistance we could find, while outlining our general trading trading strategy of buying near the long-term .618-.786 retracements, selling around the 1.27-1.618 extensions. If it holds support on the steepest green trend line, we believe that would be quite a bullish sign...
I've been watching the charts very closely for over a year, due to being heavily invested and extremely bullish on the team and the coin's fundamentals. I expect all the upper targets to be hit within a year, hopefully much sooner.
Bullish on EOS overall, but I've been short-term bearish on it for weeks while it was overbought, partly because I didn't realize there was YET ANOTHER airdrop coming after the EODdac one. Obviously it might never make it down to the "optimal accumulation zone," especially with all the hype around it, but it wouldn't surprise me.
This was a request from a friend. It was easy because I was invested earlier this year. Just had to clone a fib retracment, and add a few trend lines. Looking pretty sweet. Not as good a PINK though...
WEX.nz ETH/LTC chart.. LTC way above support, ETH just breaking through resistance, still low vs BTC.
I posted this the other day but for some reason it won't let me make the chart public. This one has a new resistance trend line(that it broke recently as I was tweeting that I thought it was about to move) anyway. Like I said the other day "I think it's a pretty good project, TA says it's a pretty good time to buy."
I was an intoxicated noob when I first saw the chart back then, but I "knew" right away it was going to see big returns very soon. Unfortunately I got it all locked up in the ICCO during the big run-up, but I've doubled my position for the next one.
It's sitting on a very long-term trend line, with resistance getting further and further away.
I'm extremely bullish on PINK for a few reasons. #Donate4Life, #PayWithPink, the proof of stake rewards, and most of all the devs and everything they've been up to(adding new reputable team members, for example) and have planned. It has been tweeted that we'll be able to pay with PINK everywhere paypal is accepted(ref: twitter.com), which is significant... Buying...
So far it's followed the trend lines almost as perfectly as possible. It's either up or down from here, I'm thinking WAY up