Fib Analysis: BITSTAMP:BTCUSD
Looking to target anywhere between 9200-9500 for a retracement (.382 of the most recent move from bottom to top on the 4HR). Of course if this is our top we could go lower, but if we see a reversal upwards from my target levels than the uptrend is over and I will flip long. If we continue deeper from 9200-9500, I would expect...
Finally broke out of the descending channel to test the bottom of the cloud. Turned the 50EMA into support. Will be setting an alert for when this breaks above the cloud for a LONG signal. Other indicators turning bullish, however I would like to see a positive "0-line" cross for confirmation after the cloud cross.
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