It has been intresting watching this all unfold, since my first post!
I am the first to admit I was having my doubts but when you get a good nudge from the BTC machine, it amplifies what is seen on the chart.
Last update Neo was fast approaching the end of my triangle @ 0.0048174 - I felt it was a risky trade unless you had a tight stoploss. A trade that was however worth up to 12% but and was leaning more towards
lower numbers as volume has been low.
If you entered you could be happy with a 12% trade - nothing wrong with taking a profit and if you still held you would be up to 19%
It broke through 2 key resistance areas - the Red resistance line and the long term downtrend on the 4h but would like to see it on the daily.
A retracement could very well happen very soon and will probably be tided to what BTC is going to do next. Can not draw in fibs until we see the start of that but if I was to happen now
anything above 36% on fibs would be above the new support. If it breaks that red line of support we could be on the way back down to blue.
A time to really keep an eye on things as you dont want to lose any potential gains here, even if it is lower than your overall position you could possibly sell and re-buy lower to gain more - risky
Disclaimer - these are just ideas based on what I can see. The market is extremely volatile so please make sure to
do your own research and be careful with any trades you make.
I am the first to admit I was having my doubts but when you get a good nudge from the BTC machine, it amplifies what is seen on the chart.
Last update Neo was fast approaching the end of my triangle @ 0.0048174 - I felt it was a risky trade unless you had a tight stoploss. A trade that was however worth up to 12% but and was leaning more towards
lower numbers as volume has been low.
If you entered you could be happy with a 12% trade - nothing wrong with taking a profit and if you still held you would be up to 19%
It broke through 2 key resistance areas - the Red resistance line and the long term downtrend on the 4h but would like to see it on the daily.
A retracement could very well happen very soon and will probably be tided to what BTC is going to do next. Can not draw in fibs until we see the start of that but if I was to happen now
anything above 36% on fibs would be above the new support. If it breaks that red line of support we could be on the way back down to blue.
A time to really keep an eye on things as you dont want to lose any potential gains here, even if it is lower than your overall position you could possibly sell and re-buy lower to gain more - risky
Disclaimer - these are just ideas based on what I can see. The market is extremely volatile so please make sure to
do your own research and be careful with any trades you make.
