I don't think the price surge here really surprises anyone with the anticipated launch on Bitstamp 6/19. One thing that I do believe is clear, the days of sub $30 levels are over as we're now likely looking at the $35 level as support and resistance around $50, tbd if we blow through that however interesting to point out a trend I’m seeing consistently both in
ETHUSD and
LTCUSD of fibo retracement around the 50% levels. That is where I’ll eventually be looking to add to my positioning. For the time being I’m just going to sit back and enjoy!
Trade active
As mentioned on 6/17 the retracement to .50 fib level is nothing but opportunity to acquire.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.