Next target is the log channel bottom after this latest blow off top. Horizontal S/R will last ~160 days until it intersects the channel bottom, followed by a stop wick and a new rally. Entry target early September 2020
Are you sure? Ocean starts growing yesterday, what is the best level to enter 39k? Because now it's 50k
sadminer
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@fswlgkkt, there was some news about future coinbase listing. Price has wicked up to touch the top of the channel, but has not broken through (61.2k). Keep an eye on the 58.5k level, as this is the level where the first wick tested the channel top before breaking upwards. As of writing, the 4h candle body is trying to close above 58.5k
Ostap-Zadunaiskij
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@sadminer, I feel FOMO, because wanna buy a lot, but price only going up )
sadminer
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@fswlgkkt 64k is a very contentious zone for the next three days. If there's a close above, I'm expecting another run up
sadminer
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@fswlgkkt added a scalp to 64k here, then i'll re-evaluate
@fswlgkkt it's sitting at the edge right now. 68k if it breaks or a retrace to 51k are the two options I see
sadminer
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@fswlgkkt I'm not sure how to load new bars into the chart. Might create a new idea
Ostap-Zadunaiskij
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@sadminer, it is a good idea, you can try to make a new in ocean/btc there will be much more viewers 👍 will see how it's going, I'm hope for retrace to re-enter
sadminer
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Ah, typo on above target. 78k, not 68k. That'll hit both the ath double top and the top of the local channel