Quick post to map some upcoming resistance zones. Perhaps McAfee's shilling on twitter is causing the buying? Perhaps the Iran situation is causing a run to privacy coins?
Whatever the Force, we can observe/measure the Results. Currently pushing first strong resistance zone around 74k The next resistances are at 1k multiples above (roughly).
Sorry for the messy chart, did not have time to clean up. Drag UP on the PRICE scale to enlarge the overlaps in digits. Drag RIGHT on TIME scale to see more history/fibs on left.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Comment
All Targets Hit
Sorry for lack of updates....
Looks like we topped where expected, but came the Bull Trap That green 5.618 was supposed to cap off the resistance at final target.
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The overshoot got to the next Green Fib band
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Zoom IN (34 min) First glance shows are now below several resistance zones, with .7262-729 being the immediate hurdle.
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SUMMARY - Looks like move up is done, with an overshoot/bull trap or a vertical wave 5 - Now back below several resistance zones, with 7202-7279 being the immediate hurdle. - I need to measure the wave up and the pullback, to map or fine tune zones, will try to do so today.
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