GUP 15M Timeframe Chart 15 December 2017

BITTREX:GUPBTC   Guppy / Bitcoin
GUP, another favourite of mine. Really nice to swingtrade on this one. The fibonacci levels are from a bigger frame, but just let's you see where it bounces nicely.

The RSI is staying above 50, this is a green signal. Als MACD stays positive as well.

We may draw two support lines in this case, as it has two pretty important ones:
- the top one is an earlier resistance before the big jump up, now it looks like we have a support on that level
- the bottom one it dropped down when BTC started running and can be found as a second support.

- breakout on this level and perhaps some new up movements or at least nice swingtrades
- drop to the lower support level and breakout from there
- drop out of both support levels (unlikely), in that case we'll be using a stop loss and/or potentially buying on a lower level again.

I'm buying on this level to start, if it drops down I'll accumulate more Guppy to lower my average buyin.
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