ZECBTC Trending up

BITTREX:ZECBTC   ZCash / Bitcoin
To get a long position in ZECBTC I would like to see the price retrace a bit to test support before rising further.

To see at which price levels a retracement might reach I like to use a fibonacci range over the entire move from the low below the 200 MA to the last high.

I will keep drawing this fib up to the high with this runup untill it starts to retrace.

Comment: Forgot to add;

The 0.50 and 0.618 fib levels are healthy retracements which we like to buy when they fall on to previous highs.

This is based on resistance becoming support.
Comment: Check out our blog on our website:


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out