This is related to my other idea:
I zoomed in so we can see the target area for the more immediate future.
Looks like we've got a cup & handle (or inverse head & shoulders, both work in this case).
It might want to extend past the target and hit one or both of the previous peaks (I labelled them on the chart) so I drew a wider target area.
Of course I believe it will ultimately blow past all of these targets and hit at least the next fibonacci level around .00000905, but thought I'd include this if you want a shorter term goal.
I zoomed in so we can see the target area for the more immediate future.
Looks like we've got a cup & handle (or inverse head & shoulders, both work in this case).
It might want to extend past the target and hit one or both of the previous peaks (I labelled them on the chart) so I drew a wider target area.
Of course I believe it will ultimately blow past all of these targets and hit at least the next fibonacci level around .00000905, but thought I'd include this if you want a shorter term goal.
Note
Thought that handle was going to break down, but it just got really long.Now it looks like the handle is its own C&H:
Trade closed: target reached
Both targets reached, forming a larger cup - let's see if another handle forms to propel it to my next target of 900 satoshis.It actually looks to me like it's going to hit higher than that now, probably closer to 1000 satoshis or higher - I'll update my main post here:
Related publications
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.
Related publications
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.