So it happens before 31/12, seems that up trend is engulfing itself... We think that first targets to buy BITSTAMP:BTCUSD are around 14.300 and 12.500 usd. If the selloff continues, we can easily reach 10.000 and lower levels. Head&shoulders formation is also developing and promising further retracement.
It's an interesting new promising project, but how it looks in the charts ? We can buy BITTREX:ADABTC now in this forming triangle around 700 sats. Our "last hope" in case of drawdown is around 333 sats at 80% retracement from the pump. First targets at 1.000 - 1.100 sats in case of triangle break out.
Jokes apart, let's look at the levels of #Ethereum. Now I'm looking on KRAKEN:ETHEUR pair because looking at POLONIEX:ETHBTC is meaningless. In this highly volatile period we can try to buy it in the 350 - 340 zone (in euros) and first targets are at 450, but if you are a true follower of Vitalik: just #HODL.
The situation on BITSTAMP:BTCUSD looks similar to previeous retracement that occured in june: from 2.980 till 2.113 (- 38%), now we got a september retracement from 4.970 till 3.000 (-38%). The smaller retracement wave in june was from 2.790 till 2.300 (- 17%), now we could have a smaller wave from 4.700 till 3.900 (-17%).