AGI .382 fib pull-back, 50/100 day MA's acting as support as too

2019年3月30日

AGI/BTC is currently consolidating on top of prior resistance at the .382 fib level (around 1240ish.) Also, it has the 50/100 day moving averages there as well acting as another layer of support. The S/R flip at 1240, the .382 fib level being at 1240, and the 50/100 day MA's acting as support lead me to think that AGI has a higher likelihood of going up then down. As always, this is a high risk trade given Bitcoin and how unstable is has been lately with its sporadic movements. Also, if anyone is feeling generous and would like to support me and my TA, I accept Bitcoin donations. Any donations are greatly appreciated as I am a full-time student in college and it would really go a long way in helping me out. My Bitcoin address is down below in the Signature box if you're interested! :)

Moving average guide (All daily for this post):
50 day moving average in Green.
100 day moving average in Yellow.
200 day moving average in Red.

Entry: 1240-1275 (Might need to wait for a pull-back as to not skew the risk/reward.)

Target 1: 1405 (.236 fib level and a prior resistance level.)
Target 2: 1500 (Prior resistance zone and where the candle body closed on the prior run up.)
Target 3: 1675 (0 fib level and previous peak that was hit on a wick.)

SL: 1200-1210.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.

2019年3月30日

註釋

Go figure; second my post goes live it flash crashes like RVN did: