Bzrx respecting the demand line very well and is now developing bullish divergence on the 4H macd I expect to see a test of the ATH in the coming weeks.
My trade setup for Bzx/Usdt:
Entry around $.7 Stop loss below last low: $0.49
First target, 1.272 fib from the last high to last low: $1.3 Second target, ATH : $1.74 Third target, 1.618 ATH to ATL: $2.7
unforunate btc correction, but think we are still on track for ATH+ ?
rasnek
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@PVerten, Like many other pairs were primed to go higher, this BTC correction spoiled the party and took out 90% of all long trades but has seen a nice recovery since then. Not out of the woods yet imo, if it can break out above 42k and hold I would be much more confident to take a long in any trade.
I'm happy to see bzrx testing the highs from November and January, hopefully it will establish support.
Waiting for more price action atm to get into a new trade. I will post a new set up once an opportunity arises, until then patience.
PVerten
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@rasnek, agree, thanks for your view and waiting for updates