My target is still around 270 unless I see or hear of anything new.
We're just along for the ride now. Expecting a possible cat bounce. Still open short on margin until we find some buyers.
Not a big timeline but at 2.5x margin these little 1% moves make money. Going little long. Finger set for a quick cxl and short set.
On my ealier post I talked about where we might go on the 1d. Here on the 4hr you get a clearer visual of the support levels and layered indicators. Take a look for yourself. Red box=sell, yellow box=questionable, green box=buy short.
i don't expect much of a bounce up. We should be staying within GANN for a few more days. We could see the short bounce reach 536 sats on a retest shortly after that a quick run back down to 444. If not for the capitulation that tells me we want to go up, the 50ma, 100ma, and below our .5 FIB, our next obvious drop will bring us to 379 pretty quick. That 379 area...
Current trend hasn't completed just yet but we're crested on a 3rd confirmation for lateral move. A few things on trends I'm watching for is our recent higher low and hopefully a higher high to confirm bull run. We're not there just yet from a trend perspective. Denial at the resistance could very well send us back to 5800 or to test yet another lower low nearing...
Love collecting from the idiots that still think these new listings will make them rich.
I probably wont mess around with some of the movement until we get down to the next phase. Took a good chunk of the meaty part and called it a day.
Pick a struggle will ya? Crazy support levels taking up the entire area.
Thanks Coinbase. Now lets wait to hear it was a false press release.
Kill zone approaching. All indicators point to the next buy target.