-Crossing in the 7 day and 21 day moving averages show more downward move to the 77 day moving average. Breakout at point of cross over. -Volume indicates decreasing selling support and accumulative kind of format. -Expect a move down to 0.00583808 at which point trade should be active. -1st target at 38.20 fib level -2nd target at 61.80 fib level -An aggressive stop loss at 1:1 of the 1st target.
Now lets watch and see. I would love to see your comments and thoughts bellow thanks. P.S. Use information for educational purposes, as should not be seen as investment advise.
Comment
⋅
Entry not achieved but first Target hit successfully. Bat Harmonic Pattern needs more work.
I believe BTC rise tell us the Alt bottom. We dont' see much lower than 610-630k. But hey, Maybe i'm wrong :) Best of luck and I hope your bag get filled! Cheers.
neni_emsu
⋅
@omgosaurus, Thanks for your thoughts. I feel it's quit low as well but some things that i think might make this work out are the market has been running up since 0.00379 so the correction is long overdue. Also the moving averages. The trade also has like a day to confirm. If the Bat completes it would be awesome. Then maybe those moves will happen. I also consider that we deal with a lot of volatility in crypto so anything can happen. Thanks for the comment, and i hope all our bags get filled! Cheers.
that's quite low and out of my trend/channel.
I believe BTC rise tell us the Alt bottom. We dont' see much lower than 610-630k. But hey, Maybe i'm wrong :) Best of luck and I hope your bag get filled! Cheers.