Setting long orders from $7,800 - $7,925. 10x leverage.
If we break down, I will add more in the $7,430 - $7,550 zone.
If we hit the first target held up by the 0.236 fib zone, that will signal to me a bullish continuation. We are looking for a decently strong bounce for the bulls on that 0.236 which will give us further evidence of continuation.
This is a bull flag on $BTC; plain and simple.
We are consolidating in the upper fib region, also bullish.
Let's see if we bounce back off the .236, and then breakout!
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When a buy opportunity like this presents itself I love to share it with you all. The more of us that understand technical analysis, the more likely charts will follow TA patterns. Buy signals for technical analysts become self fulfilling prophecies, and it's no surprise that a coin that is as heavily traded as $TRX would follow the rules almost perfect.
If I were swing trading this I would have a stop loss just under 0.00185 satoshi. First target 0.00214 - 0.0216. I'm long though and not trading it, jsut charting for fun.
Please refer to previous chart for a macro perspective. This is not financial advice.
I have a mid term target for $ETC @ 340k sat. Roughly 50% upside from here within the week.
My message to my signals channel:
TL;DR. I am holding $ETH in anticipation of the SEC meeting. Also holding an even amount of $ETC in satoshi value as a hedge.
A number of #TeamNeverWorkAgain members have reached out to me about what to do with their spare $BTC. ...
Please enjoy my mid term analysis for the potential paths of $BTC. I am a strong believer that patterns in nature repeat themselves even if market climate is different than it was for the 2014 crash.
We go through media trends of being berated with bad news then good news, it's polarizing. The last few days have been overwhelmingly bullish, which leads me to...
I will likely be entering a short position as I view this structure as a bear pennant and believe we are still correcting. BTC has been playing some nasty tricks lately, or at least those manipulating it have, so we will wait for confirmation of a break in either direction before entering the position. Stay safe out there.