rtang1995

WTC - Beginning of a breakout

Long
rtang1995 Updated   
BINANCE:WTCBTC   None
Been watching this for a while, team has been ramping up marketing as the market looks mid-term bullish, tight compression
Finally got a breakout today upon an announcement for an announcement on June 8 (lucky number)
Ideally this gets on the other side of the .65 and holds it for confirmation, gonna see if this breakout holds above the triangle resistance
WTC is interesting because of the low circulating supply (look at volume drop off after masternode introduction), which means explosive price action
Similar situation to ARK
Targets in red box
Comment:
Stalling at .65 as expected, buying on retest of the global .618
Comment:
Confused myself, it did stall at the .65 fib retracement of the larger degree wave, but I'm buying on retest of the triangle
Comment:
First buy filled by this wick, still having trouble at the white .65
Comment:
Blue is a fib retracement from pivot low to pivot high, sitting on top of the .786
Unless we start moving soon I'm out of my starter position
Comment:
Obviously a lot weaker than I expected, some levels I'm watching for a bounce
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