Long

SPRBTC: Interesting chart...altcoin season started?

By IvanLabrie
Updated
I was doing some screening for technical patterns and found this chart. Fairly interesting setup, looks like it has good upside with low downside risk. The daily flashed a buy in SPRBTC 4 days ago but weekly will confirm a buy in SPRUSD this week on close, and considering the range expansion and increased volume, something is definitely cooking here. I'm not aware of fundamental developments, but feel free to comment below. For now, I'm just pointing this one out, since the chart is remarkable, upside wise.

Cheers,

Ivan Labrie.
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SPR held support, now might be ready to continue higher:

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2 more days left in the rally. The new fork will go in effect for holders of the coin that had it in a wallet during Jan 31st.

It might lead to further appreciation, but you need to have the new coin added to exchanges, or exchanges recognize your balance in it.

I might sell this one here to be safe, will sleep on it for now.
Cheers.
Trade closed manually
I'm out.
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Within 6 more days we can buy this back...usd chart can hit like $8. BTC chart could still go higher.
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At resistance, I think sellers jumped in and the move lost momentum. Would have to do homework on the new coin situation.
Beyond Technical AnalysisChart PatternskeyhiddenlevelsrgmovSPRBTCspreadcoinSPRUSDtimeatmodeTrend Analysis
IvanLabrie
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