Just completed a 'bearish' elliott wave cycle. Broke through support line (5) and now trying to reverse (symmetrical triangle).
Good buy because lower than previous support at 10k. Strong buy walls at 7600 and 7560.
Uptrend Confirmations Now found support on the 50MA (cyan line). Uptrend confirm once 50MA clearly curve up. MACD on the 1h indicating an uptrend. If crossed downwards, expect it to ride alone the support line for the short term. MACD on the 4h indicates an uptrend is in progress. Clear liftoff from support line and heading towards resistance line (yellow arrows) Volume rise
Downtrend Continuation Fail to bounce off 50MA line on most charts Break through below triangle below 7150 (red arrow) Keep in mind BTC movement.
Keep in mind, we are still in a bearish market!! :D Mid/long term target - 9k/10k/11k Stop-loss - 7k
Good luck!
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Failed to break through 7560 buy wall. Now having a tiny break out! Hope it continues! :)
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Let's hope it can stay above 50MA on the hourly.
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I managed to grab a position at 7700 so if you get it below that, you may be safe for short-term. If you need some hope, take a look at 4h. still on the uptrend. :)
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oh! Woke up to find out STORJ made an attempt to break the resistance line. Did not manage to hit my sell order at 9000. Kinda annoying.. but it is okay! GO STORJ!!
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So STORJ benefited from a massive pump today and hit my 2nd target. Just becareful as BTC is moving!! take profits when you can!
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STORJ got pumped bigly for some reason and now I hope to see it float about the 200MA. :)
Trade closed: target reached
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STORJ hit all two targets in REALLY short term for some reason. 9k and 10k. I hope you manage to get profits! :)
Any remaining bags, HODL them and watch for the Return of the ALTs after the fork for an exit.