Hello everyone and welcome back to bijou Land ;)
i have been abit busy( not to say lazy XD ) and didnt post any idea , i will try to be more active from now on :)
now to our tiny friend the bit torrent token:
as you can see we have done a pretty nice rebound on the candle right after the one creating the lower corner of our pitchfork, just at the parallel 1
if we look at the median of this fork , we can see that it has done nice job rebounding the price in the past.
these 2 elements help us to guess that our fork might be valid and might react in the future. at the parallel 0.5 oof the fork, price has reacted nicely too :
which adds to the confluence of the fork.
the price has recently jumped up from a 618-65 zone
the two first targets of this fib are :
0.000002133 just above the descending fib 65 level
and 0.000002236 between 887 and 786 levels of the same descending fib
the second target might be more important as we can hit the median of the fork at the same time and as you have seen recently, the greed/fear factor has grown and we usually hit these limits instead of 618 zone.
and considering that in larger image we have just crossed the median of an older fork and price has closed above it:
the whole image seems bullish enough to start a risk moderated trade.
entry could be initiated around here and the tps are the same as rising algo targets mentioned above ( 0.000002133 and 0.000002236)
sl could be set below the older median and last swing low at 0.000001914 ish
Its obvious that its not a financial advice!
your money, your risk, your reward, and i hope never but happens, your loss
As always pass a wink to your left and have an awsome day :)
i have been abit busy( not to say lazy XD ) and didnt post any idea , i will try to be more active from now on :)
now to our tiny friend the bit torrent token:
as you can see we have done a pretty nice rebound on the candle right after the one creating the lower corner of our pitchfork, just at the parallel 1
if we look at the median of this fork , we can see that it has done nice job rebounding the price in the past.
these 2 elements help us to guess that our fork might be valid and might react in the future. at the parallel 0.5 oof the fork, price has reacted nicely too :
the price has recently jumped up from a 618-65 zone
0.000002133 just above the descending fib 65 level
and 0.000002236 between 887 and 786 levels of the same descending fib
the second target might be more important as we can hit the median of the fork at the same time and as you have seen recently, the greed/fear factor has grown and we usually hit these limits instead of 618 zone.
and considering that in larger image we have just crossed the median of an older fork and price has closed above it:
the whole image seems bullish enough to start a risk moderated trade.
entry could be initiated around here and the tps are the same as rising algo targets mentioned above ( 0.000002133 and 0.000002236)
sl could be set below the older median and last swing low at 0.000001914 ish
Its obvious that its not a financial advice!
your money, your risk, your reward, and i hope never but happens, your loss
As always pass a wink to your left and have an awsome day :)