Think this is finally at the end of a market cycle. It is not a high volume alt but the recent downturn has done noting to effect this vs ETH. It has suffered in USD and BTC price I think naturally it is time for it to fall vs ETH. It is a long term play to make some ETH, time to still get in. Set an alert at the top and 50% fib and forget about it. Come back in the new year with some ETH made.
See the divergence in the price vs the ETH market.
ibb.co/rMWX3pp
See the divergence in the price vs the ETH market.
ibb.co/rMWX3pp
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Going to plan so far, is at the bottom of this channel and I notice the wick pullback. SL under sell entry so okay if it goes up. I think and I think others such as EOS are doing way too good vs ETH. I think this at least halves in value. I wanna see it go for the 70-80 fibs, ie start trading outside the channel. Heads there will sell 80% and buy back at the pullback for the big fall.
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Comment:
Just to show an example of how fibs can help. I am hoping this one hits of the 30's if it passes that 1 area then its obviously void. But you can use these as areas to buy/sell with a stop in a good place. For EG: if this pulls back a lil to the 30 area then drops I think we will see 5's. Could just moon past the lot and the fibs are BS.
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No Divergence = continuation.
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No divergence. Gonna long the next low, when I see the divergence 3 different oscillators, ill bet on 2 out of 3. 3/3 is what it is. This is the A wave. B wave will be the sweet one!
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Closed short, long now for 20% gains possibly then short or stay long should it go higher.
