DeepseaDom
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QSP Decending triangel. Could go both ways.

BINANCE:QSPBTC   Quantstamp / Bitcoin
Hi

As you can see on the graph we are entering decision time. Are we breaking the next resistance around the 38k level and continue going down or are we in for a bullish movement going up? I would take a long position once we break the 42K trend line level. I've put a stop loss around the 36k level. Good luck on this asset

TA uber alles.
評論: We're still not out of the woods. Not much volume. For anyone who's looking for an entry I'd set some buys around the 3500, 3100 and the 2700 level. That what Im going to do.
Update ? nice chart
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Agreed; manage your stop-loss. I always draw my support levels at the shadows, not just the body; as this reflects the real price movement overtime. Like the chart!
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DeepseaDom engelandertje
@engelandertje, Thx. Given Elliot wave we did the first wave up. The question is... did we hit the bottom of the second wave yet?
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engelandertje DeepseaDom
@DeepseaDom, price is currently at Fib50 and has been to Fib62 already. We might see the price going down to Fib62 (3700) before it will move up again, but I think the Fib50 can hold support for now.
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DeepseaDom engelandertje
@engelandertje, thx for the tip. Im still gettin into fib and waves.
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engelandertje DeepseaDom
@DeepseaDom, you were quite right, unfortunately ;)
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DeepseaDom engelandertje
@engelandertje, Time to FIB it up :)
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