This guy could be a huge buy and hold winner. We have a lot of area to head back to. Safer entry is at .00011 But okay to buy now. Take Profit at Fibs .00031 .00050 .00064
A move up, but not a strong one. Need to see more strength on volume, before I want to go long on bitcoin.
Had to post this! I am sure many are familiar with this idea
The first Huge drop occurred today and we bottomed out and bounced off the .61 fib drawn from the previous High. This has created a lower low and and the potential for a bear market to start. I have no interest in going Long on bitcoin anymore than riding a bull trap up to ~17-18k. Until we make a new ATH I am preparing for a correction down to 8k area.
Been Running since big volume breakout/gap up in August. Bouncing off Magic Line of 30 Day Moving average. I have been holding since October at $1.8 Looking to add to position Once price meets Magic line again, probably around @ $2.9
2 month Cup and Handle with strong OBV indicating a bullish move to come. 1st target .276 2nd target .5
Trends are pointing towards a possible correction down. However, OBV and volume isn't unhealthy and the last time we were looking at a correction it was a fake out - so I am not seeing any high probability/safe trades in either direction. I have exited my short term long positions and will wait for market to produce a better signal.
LTC Has made a cup over the last 3 months which is a very strong bullish pattern. It was preceded by a smaller cup. If you look at the previous cup, you can see it made a little handle from $60 down to about $50 (after the monster candle wick) for a couple days before making a strong bullish run into new highs. Expecting something similar as this current cup...
Buying and holding this one for the development team and technology. Holding for at least a year. I like the setup. It has based and starting to form a cup.
OBV showing bearish divergence. Looking for more signs of reversal ahead.