I drew this an hour ago and I had a feeling that the chart will play out this way. Turns out it broke out early! :D
My bias view on PTOY as I am bullish with it.
Good Buy Awating FDA approval Daily MACD shows uptrend incoming Cup and Handle with Handle forming Lowest support at 4.8k Current strong support 5.5k
Bad Buy Hourly MACD too overextended. Might start to curve downwards. (which could form the handle) On 4hr chart, Stoch RSI shows it being overbought BTC movement
Uptrend Confirmations Clear curve upwards on 50MA moving towards 100MA and 200MA Break out above 7k Find good support along 100MA on the hourly
Downtrend Continuation Completing downtrend elliott wave in the 'handle' Failing to break out at 7k MACD daily starts to separate further
Keep in mind, we are still in a bearish market!! :D Short term target - 7.7k Mid/long target - 8.5k/9k or more (I am bullish) Buy more if it goes below 5.5k and below 4.8k
Good luck!
評論
Break out happened sooner than expected!
Let's hope it ride along the resistance line before making a bigger move. :)
評論
BTC is on the move! And looks like it has fallen beneath resistance line. Hope it bounce off 6200. Keep an eye out, friends! Set stop losses if you are not holding it long term. :D
交易結束:達到停損點
As I have said, I am super bullish on PTOY and have bought more below 5000. Really great prices. Prepare for big returns when the fork is over. ;)