Coinstreet
Long

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.
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