crimsonronin
Long

Golem with cup and handle fractals: 26k sats target!

BITTREX:GNTBTC   Golem / Bitcoin
There is something very big afoot in the cryptosphere. A number of alt-coins are starting to make very bullish shapes; from BTS to NAV to NMR ! Golem is no exception and has started to form cup and handle fractals.

We explored a similar concept in BTS :



But the first time I spotted this kind of pattern was in EOS :

And what happened next was unbelievable!:


And now the exact same pattern has presented in GNTBTC !

The targets to look out for are:

  • Small C&H: ~11090 satoshis
  • Bigger C&H: ~26000 satoshis!!
Comment: So we didn't quite hit the 0.5 fib line we were hoping for, but we came pretty close.



We have just completed a nice ABCE correction which has created the handle on our smaller C&H. I believe we will now start to make impulisve moves northward!



Now might be a good time to ladder some buys.
Comment: * edit; I mean we have completed a nice ABC correction, not an ABCE (TV really need to allow editing of comments and/or, I need to read over my comments twice before posting!)
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