Trailing buys set all the way down from $884 to $854
Inside that channel just retracement, still a strong uptrend targeting .786 fib @ $940
$884: currently trying to break (north) out of Ichi cloud while sitting on .5 fib
$854: should provide strong support / confluence .382 fib, bottom of Ichi cloud, Kijun Sen & prev uptrend line
3 key support levels to watch on a $BTC retracement today;
$10550; confluence btwn Teken Sen (current location) & .5 fib
$10250; confluence btwn Kijun Sen (likely future location), .382 fib, support found at this level twice recently, & support found on current uptrend line.
$9910; confluence btwn top of Ichi cloud (current location), .236 fib (exact), 1 prev...
See notes on chart.
MACD just crossed north, Stoch RSI just exited oversold, first prev support (could've turned to resistance) broken easily, next possibly resistance around $4.57
Confluence between prev support, .238 fib line & entry point of Ichi cloud.
$MCD broke $158.49 resistance.
Analysts expecting double digit % drop in same store sales on earnings report looks priced in. Was oversold RSI.
6 touches on the downtrend resistance line.
Expecting previous resistance to turn to support on way to $162.50
- I think I found a pattern, don't know if there's a name for it
- Last 3 price pumps; time cut in half between each pump and % increase from the 50 day EMA dropped by a couple %
- Based on current trend of where 50 day EMA should be, would put ETC at about 0.0043 BTC on or around March 1st, 2018
Show Your Work:
On approx. March 5th, 2017 (at block...
Went long on $GRPN 's dump today.
RSI dropped below 35 for the first time since June just before a nice run up.
Largest buy volume since fomo hit back at that same time during the increase.
Tested and found support on a previous level (green arrows).
Expecting to see a double bottom tomorrow (Thursday), after some fomo buy up occurs, before continuing north.
$ETH "Buy Zone" = $417 - $381
Yes, seems like a long way's away, but still no where near over-sold RSI, MACD hasn't turned towards a cross yet, one more Fib level to go.
Holding out to buy in long until $425 at the earliest scaling down to $301.