So far daily chart still does not have enough information. We have reached my initial target of $0.6 and currently correcting towards $0.5 which Ema 20 line resides there. I would like to see daily candle close near $ 0.5 levels so we could correct on a daily chart and adjust RSI before second jump. If we can bounce back from $0.5 levels , I am expecting another spike to $0.8 level but this rally could easily extend to $1 point then we may see sharp pullback to $0.50-0.6 levels At that point we will have to reassess the situation. I will update this chart with additional comments. For this idea to work Btc should play nice as usual otherwise it is not valid!
My last TrueFi prediction was 100% accurate
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
My last TrueFi prediction was 100% accurate
** This is not an investment idea. Only trying to pass my vast trading experience on cryptos to newcomers and less experienced traders. My predictions based on calculated reward Risk ratios. I can not be right all the time. So far I have very high percentage of success of predicting. Once you click buy button you are doing it with your own will. Nobody can force you to buy and sell but yourself. Please comment below and click like button to support my efforts.
Comment:
we have closed the daily candle over $0.49 level. Textbook style correction. Now lets see if we can bounce back into action. We may still have tick down to 0.46-0,48 range on the daily chart but If we like to stay in parabolic rise we need get moving soon. If we can move up over $5 level on today's candle, we could really see quick action. If we can not stay above 0.43 on todays candle definitely bad sign! Going that low at this stage is not necessary at all. It will just waste our time! Bitcoin seems really stable and big news from Tru-Fi team that V2 of their online platform coming up on feb 19. Things are looking up at this point. It is up to Tru-fi holders to decide! Do not forget If selling slows down, buying actions starts!
Comment:
We just had flash panic overall. Alt market got hit really hard all because btc flash dropped to 45570 in an hour from 49000. whoever sold it at the bottom , they may not be lucky. but for that excuse we also corrected really deep. There is so much time before the daily candle close. We will figure it out at the end of the day! Again if the daily candle closes sub $0.43 means we are out of parabola and need to draw another chart. If we can go back above $0.48 our plan is back on the table. Small market coins can move really fast!
Comment:
Very strong recovery! People probably feeling sorry by selling it at the bottom. I did not close my position , I added more coins. Now we are getting back into parabola and we corrected deep on shorter time frames(all very good and healthy so far). We still got 5.5 hours before the daily close. Staying above 0.48 will keep us in the game but going above $0.5 and closing the daily candle will confirm that we are not done with this rally, probably just starting for another large wave up. I will update this upon daily close.
Comment:
We got out of parabola and got back into last broad trendline. Big opportunity got away for now but this was well needed correction. At least now there is so much more room on the upper side and safer place to enter the trade for some traders but again Btc needs to be stable.
Trade closed: stop reached:
This parabola idea failed badly. it does not mean that we are not going to $0.8 but timeline wise it is off. I exited my position $0.55 Now we do need to wait for stability to re-enter. Still closing position with 92% profit feels good. 8 out 9 prediction was perfect anyhow. I will count this as not accurate! I will focus on Wing finance coin for a bit!