rtang1995

GVT - Breakout in progress

Long
rtang1995 Updated   
BINANCE:GVTBTC   None
Recently broke through diagonal resistance on high volume
Will look to buy on backtest
Comment:
Short term setup identical to my EOS idea
Deep zigzag (2), shallow sideways (4)
Charted this second, but this is further along in the setup than EOS
Comment:
Almost at apex
Comment:
Daily candles are worrisome for my micro count, potential tweezer top
Tight stops
Comment:
Looks pretty bad, rising wedge on obv osc
Bearish engulfing 4H closing in an hour
Comment:
Broke down from triangle as suspected, looking down at that nice hotbox at the .618-.65 fib retracement, 1:1 fib extension of A, and relevant pivot level
Reaction off the .382 not inspiring confidence that that's the local bottom
Comment:
Forgot to include the rising wedge on the OBV osc that broke down
Looking for a bounce at a relevant obv support as marked in purple
Comment:
Small reaction off the box, one more leg down to purple line before reversal
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Pretty damn good, order filled at .0019810
Strong reaction suggests that was the local bottom, major catalyst tomorrow.
Comment:
Buy opp coming up
Comment:
i.imgur.com/64hMaxT.png
How's that for accuracy lol
Comment:
Adjusted micro count in light of price action
Still looking for the (2), confluence of 1:1 of (A) and .65 fib retracement of (1)
A lot of red today in the alts...
Comment:
Weaker than expected, 1-2 still intact above the blue .786 retracement
Comment:
Small update
Bottom of demand zone, bull div on OBV
Expecting decent bounce here into first red box before heading lower
Unfortunately not much support below until ~.001
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