BINANCE:POABTC has been forming a DESCENDING WEDGE (white lines ) and once the candles enter the apex (end of wedge) it has to break the trend the pattern the bearish sentiment. When a DESCENDING WEDGE is formed in the price action, its indication of trend reversal (upwards) so we buy low (at the apex) and sell high, take profits and move o the next one !! ...
I feel very bullish for BTC and so the rest of alts. the only question is when and where. The rest is to jump from one to another, depending on the progress. Here is POA that shows some positive movements. I expect it to grow further.
Resistance at ~1035 will be the last one before the breakout. Than goes 1120, than 1330 and finally 1400. Lets see how it ...
POA showed us great volumes, so wanna take it on trend line retest. Fibo patterns also were used to
BUY ZONE: 1001 satoshi
STOP LOSS SAFE: 979 - use this if you trade intraday and can jump in if trend change
STOP LOSS AGRESSIVE: 954 - use this if you like positional trading and don't want to interrupt trading flow
TAKE1: 1174 (50% ...
POA is set and ready to go. Good R:R long opportunity here. Looking for 2850 at a minimum. Intermediate targets marked on chart.
"The holder of authority is like the rider on a lion - he is envied for his position, but he well knows his position"