It is easy to pick something that is already a winner and post on it BUT_
REQ broke the downtrend line on the daily ( shown). Notice how the whole down swing it did not break above the mid bollinger band line. Now it has.
It looks like we are forming a cup base from the .5 fib line area from Feb 6-12 ( blue to green color line.)
Volume is confirming.
I would try to buy at .618 line because BTCUSD looks like it is going off a cliff now and we are in a pullback gauged on the long wick pictured. . and I would target aforementioned .5 line to sell.
It might moon from there only time will tell.
None if this is trade advice, just patterns I find interesting. We are in this together so take it easy on each other and even take is easy on the big forecasters bc -1.61% TA is an art and not a science, No one can tell the future we can only prepare for the 3 scenarios. Higher, lower, or sideways!
REQ broke the downtrend line on the daily ( shown). Notice how the whole down swing it did not break above the mid bollinger band line. Now it has.
It looks like we are forming a cup base from the .5 fib line area from Feb 6-12 ( blue to green color line.)
Volume is confirming.
I would try to buy at .618 line because BTCUSD looks like it is going off a cliff now and we are in a pullback gauged on the long wick pictured. . and I would target aforementioned .5 line to sell.
It might moon from there only time will tell.
None if this is trade advice, just patterns I find interesting. We are in this together so take it easy on each other and even take is easy on the big forecasters bc -1.61% TA is an art and not a science, No one can tell the future we can only prepare for the 3 scenarios. Higher, lower, or sideways!
Kommentera:
Hit first fib. target.