BITTREX:POWRBTC   PowerLedger / Bitcoin
$powr locks very nice right now

- falling wedge ..
- bounced on lower trendline
-bounced of fib 0.78 which is also a good support level and a healthy target for the correction
- stoch rsi and rsi looking upwards
- stoch rsi and rsi totally oversold on all timeframes
- bullish gartley
- hidden bullish divergence on the 4h
- entered demand zone

if we break the support here we're probably going to the 3000 area...
using fibonacci as targets...
Order cancelled: chart pattern invalidated by another btc bullrun..
Trade active: got in again after reevaluating the chart pattern at the bottom.. looks like it just started
Trade closed: target reached


It may see 3500 tomorrow if it doesn't hold above 4k tonight... then an incline to 7500 by mid-week next week. 10,000+ come New Years
Now that it's down to 4500, and still fallin. Would you say powr will drop to 3000?
valueerror penger123
@penger123, the problem with these predictions is that IF BTC is stable and POWR is falling because people think its not worth it... i'd definitely say yes .. we're going to the next support level where people believe the price is right.. BUT

except very few alts that held up very well or even mooned we saw a bloodbath in the last 30 hours all over the place.. if bitcoin rises that fast altcoins are of course devaluated if you measure them in bitcoin... so i'm not going to guess where power is going until BTC stops mooning.... i'm quite sure is it will start rising the moment bitcoin stalls long enough..
+2 Reply
DavithElMarco valueerror
@valueerror, bring on futures... and some kind of stability
valueerror DavithElMarco
@DavithElMarco, i fear that futures will make BTC go completely crazy.. either they will short the shit out of it or it will pump.. eitherway alts will be beaten up..
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