POEBTC fib & ichimoku- short term trend analysis

Updated

using recent lows and highs, based on that we have some supports and it's coming to a triangle now
i'm just testing different ideas; always learning and experimenting

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added another support line; which demonstrates the idea a bit better

still learning this platform, wasn't aware that I couldn't delete the previous entry; double post ftw too :S

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there will be some corrections and price will drop a bit from the huge boost as we usually can see
I would like to see the 0.786 fib line act as a support and bounce off from there

need more ticks :)

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re-positioned fib based on new levels
switched to 15min candles to try and analyze the shorter trends a bit better

ofc, this all depends on how BTC is doing
at the end of the day, I'm just drawing lines :)

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market volume has dropped, I hope it will go back up :)

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since volume is down, switching between 30min and 45min candles

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weekend nearly over, market in general should pick up a bit from Monday
and hopefully the volume in POEBTC will increase as well;

unless everything falls apart (the end is nigh)
I see this market slowly climbing, and creating new support lines as we've seen the past couple of days

of course in the long term this analysis here, doesn't really matter :)

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I would love to see this coin skyrocket, though not sure if it will happen soon
it's fun observing it though :)

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won't be updating this anymore

I'll make a new one at some point

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in addition ofc the current price of btc is not helping :)

blairzie

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