I said I would ppost an update if there was another pattern and I believe I am correct. Also I have updated the loss motion lines that are also supporting what appears to be the bottom. I forgot to extend them in the last chart, hence why I was originally expecting a fast push up by now.
When I did not see this I was conscious of the fact there may be another pattern before higher prices... and seems I was correct. We have a bear shark pattern that pushed price lower, but we may be at the bottom of this pattern and retuning up. Beware of flash price movements here. Its very possible to run flat in price for a long time- and then check up and then right back down- scaring weak holders and triggering stop limit orders for losses before the move up. We can see this sort of shock in price as we go lower before this pattern. The spike and drop is normal...
Should price go below where we are now - I would be surprised. Its possible we may get another pattern like this (there have been several) but I wouldn't bet on that (due to other reasons like lost motion lines etc).
I think brighter days will come around 25th-28th... I have a conservative target marked. Once we get things jumping it may be easier to see an ultimate top. Until then lets just wait this out another 5 days or so.
When I did not see this I was conscious of the fact there may be another pattern before higher prices... and seems I was correct. We have a bear shark pattern that pushed price lower, but we may be at the bottom of this pattern and retuning up. Beware of flash price movements here. Its very possible to run flat in price for a long time- and then check up and then right back down- scaring weak holders and triggering stop limit orders for losses before the move up. We can see this sort of shock in price as we go lower before this pattern. The spike and drop is normal...
Should price go below where we are now - I would be surprised. Its possible we may get another pattern like this (there have been several) but I wouldn't bet on that (due to other reasons like lost motion lines etc).
I think brighter days will come around 25th-28th... I have a conservative target marked. Once we get things jumping it may be easier to see an ultimate top. Until then lets just wait this out another 5 days or so.
Comment:
Looks like price going a bit lower, but could be a fake out. This shall get interesting.
Trade active:
Close call- the market was able to sneak in a baby shark pattern this am. But this will be the pattern to kick start it all! Welcome to the profits!!
Comment:
We have liftoff in post market!!!
Comment:
Target 59 dollars
Moorsc0de aka Crypt0nomics aka Zaphkiel
