OpenBlock

Waves Should Rise to 100k Satoshi

Long
BITTREX:WAVESBTC   Waves / Bitcoin
Waves found the support with a clear rejection of it at 35k satoshi. This is the 227.2% Fibonacci retracement applied to the corrective wave after the uptrend trendline breakout.

After rejection WAVES/ BTC formed a wave up while breaking above the downtrend trendline. Price still remains within the descending channel where middle trendline has been broken. The support is seen at 50% Fibs, that is 60k satoshi, that has been also rejected. 

While the support is holding more upside potential is there. Waves could rise up to 100k satoshi psychological round number, that does correspond to 50% Fibs level. A daily close below 60k satoshi, that is the nearest support, might invalidate bullish outlook and extend the consolidation. Prior to that another wave up is expected.
Trade active
Comment: Waves Hitting Resistance at 90k satoshi!
Comment: Closing at 90, then maybe re-enter
Trade closed: target reached
Comment: Waves rejecting the support today

Comments

it is under 60k. what does this mean for the chart?
Reply
OpenBlock pattonvn
@pattonvn, still expecting growth
Reply
VikasRana pattonvn
@pattonvn, 60k mean buy under 0.00060000 satoshi sell at 0.00099000
Reply
OpenBlock VikasRana
@VikasRana, daily close below 60k satoshi could invalidate but not necessary, the key support is below, at 35k and it wasn't touched
Reply
OpenBlock pattonvn
@pattonvn, It means trend up has started
Reply
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