PIVX listing brought me to Netcoins Holdings, excellently positioned with 171k+ retail locations, in an emerging market where first movers don't have to be the best, just good enough
TP as the charts develop
the .77 is the highest Fib extension from high to low
Volume is increasing and the price action is consolidating inside the cloud, if it breaks out;
Green lines are resistance and TP targets.
real world application is news worthy and anything under $1 is a good buy for multi-year hodl.
trade at your own risk, I'm not a financial adviser.
Cleaned up the chart a bit for simplicity.
After a new All time high it will historically consolidate to -35% to -75%, 70 to 90 days later. Represented by the blue box.
The green line represents a strong 30% trend-line Fib fan support that cuts into the blue box.
White lines represent down trend originating from 2-1-2014 (red line), expected china bad news or...
not sure what the news is exactly for the 31st, but it could be a nice set up for new ATH at the 30% trend line, Ill continue to hold my swing short position until we start to test the bottom of the yellow arc or move in a more parabolic fashion upwards
Log scale weekly chart cleared up my trading strategy for the coming year, AVERAGE DOWN with new funds till we start getting closer to the parabolic move back to the average line, buy high, and higher, and higher, then sell on the moon :
instead of trading time for extra BTC by day trading, I'm gonna trade fiat for extra BTC out of my weekly income, I value my...