(Note: I'm a beginner at technical analysis. Comments welcome.)
Though not perfectly formed, this looks similar to a Hunt Volatility Funnel (HVF). Volatility decreasing over the past few days, now a pinch forming on Bollinger bands. I estimate a breakout through 250 satoshi. 5.78 Risk/Reward Ratio.
Though not perfectly formed, this looks similar to a Hunt Volatility Funnel (HVF). Volatility decreasing over the past few days, now a pinch forming on Bollinger bands. I estimate a breakout through 250 satoshi. 5.78 Risk/Reward Ratio.
Order cancelled:
Never hit limit buy order at 238 satoshi. This was not a Hunt Volatility Funnel (HVF) due to low time and price symmetry and "highly-slung". There was no preexisting trend. Additionally, EMC2/BTC is a very low liquidity market, which greatly increases the risk of stop sell order slippage.
Comment:
Well how about that? It hit target after all...