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oole_
Jul 8, 2018 8:09 PM

POWR leap Long

PowerLedger / BitcoinBittrex

Description

Perfect fibonacci retracement to 0.65, full MACD reversal and RSI stabilizing

Comment



Another perfect 0.65 fib retracement on the hourly.

Comment



Lines up with my initial 3rd wave on the 6h chart
Comments
padawan_trader1
Im concerned about the resistance @ 4400 sats and seeing it track sideways or downward.

padawan_trader1
That's very optimistic (I hope you're right)! What push did you use to chart your FIB retracement off (what was the lowest low before the push and the highest high?) I cant tell off the chart because its too small, cant zoom in and too much other stuff on the screen
oole_
@anthony_aj1, My lowest low is the bottom on 06-28 and the highest high is the top on 06-30. My main focus is is a combination of fibonacci (retrace, ext and MA "8,13,21,55") and elliot waves, and I use MACD and RSI as a support. It's a bit optimistic, I agree. By the will of Satoshi, this shitcoin will reach my target. This is a mid/long-time trade (unless suddenly FOMO).

Will try to keep my TA a bit more clean moving forward, thanks for your input.
padawan_trader1
@kryptole, Ahh ok cool thanks mate! I had charted my Fibs to a different bottom (a fault I do on occasion). I used the lowest on the 30th of June which was wrong and why I wasn't seeing things correctly. Great stuff and thanks. I'm not very experienced in TA so always looking to improve and learn more.
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