BINANCE:WTCBTC   Walton / Bitcoin
Walton is at an interesting point to me. It's testing resistance levels and the 50MA. We can see that it broke its channel and is trying to find gains upwards. We will have to monitor to see if it has strength enough to push thru the barriers and look towards at least a 38.2 fib retrace of the previous ATH . The levels to look for are coinciding with the ICHI Cloud. With minor profit levels @ 175k and 205K sats in between. Entry levels are either now @ 150k sats area, or with more certainty breaking at least the 50MA and resistance level around @ 156k-160K. Goodluck
Trade active
Trade active
Comment: we are entering the zone watch and monitor for price action
Comment: As described the option of a bounce was there, for now, it seems to need to correct and regain power. Watch the 38.2 level for possible rebuy or entry. Will keep updated
Comment: Watch for price action
Comment: Phoenix on daily is giving a buy signal. For me this is a re-enter point followed by a shortstop below the channel
Comment: I did re-enter yesterday at146k and sold at 151.9. Haven't re-entered yet. Some alts going thru some minor corrections. It's always interesting to see what alt's will do when BTC increases in value. For now ill monitor and look where price will settle and what most alts will do.
Comment: testing resistance again
Comment: this effort has more power and strength. We are at the top of the resistance zone and level.
Comment: after yesterdays gain. it's correcting now. We had a 0.5 retrace form the new high. Watch the blue box. The average correcting range after recent gains.
Comment: if the correction was purely in the old resistance zone.., this is a good sign
Comment: First minor target reached
Comment: we will reach some resistance up next between 175 and 180. Lets see if we can go thru easy or are due for a pullback
Comment: the last comment I said the pullback was likely. We had a 38.2 retrace followed by a bounce up. Most indicators suggest a further correction is possible. But in equal parts, a continuation is also possible based on movement by BTC. Look for the blue box as entry and shortstop below. For the more risky traders
Comment: If you put in a buy order for the blue-box. I will have gotten filled up. For now, hold with stop loss. In profit or with more room below 167K


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