Cup & Handle breakout, easy rally while BTC dumps
BTC is about to dump on its bearflag for the next day or so (down to 10,300) -- and that should coincide nicely with this Cup & Handle setup on EOS.
Targeting the 1.618 extension on the cup bottom fibs. Should peak about 0.00165, then fall back to retest the previous high.
After BTC hits its low target, should begin a rally to 13,600 -- so this is a great way to catch two rockets in a row. Sell EOS > BTC at the top here and ride again ;)
Targeting the 1.618 extension on the cup bottom fibs. Should peak about 0.00165, then fall back to retest the previous high.
After BTC hits its low target, should begin a rally to 13,600 -- so this is a great way to catch two rockets in a row. Sell EOS > BTC at the top here and ride again ;)
Trade active:
Ratio holding while BTCUSD dumps, so this C&H rally might wait to take off until BTCUSD starts rising
Trade closed manually:
Yeah, this went nowhere :P was watching the handle rocket begin and then got stomped repeatedly with huge sellwalls. Yet another reason why I don't trade small alts, TA gets thrown out the window when the whales start throwing their weight around, easier in such small pools.
TA goes out the window frequently with anything but BTC (and maybe ETH now)