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joeohs

BitcoinPlus 3 Drives Into Vertical Move

Long
joeohs Updated   
POLONIEX:XBCBTC   None
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) bitcoinplus Cryptocurrency cryptotrading
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trendanalysis chartpattern indicator bitcoin bitcoinplus cryptocurrency cryptotrading
POLONIEX:XBCBTC is currently at the end of the 2nd drive of a 3 drive descending pattern. I believe a vertical move is possible after squeezing back into the .786 fib once the 3rd drive is complete. Watch carefully towards the end of the 3rd drive to test support.

Feel free to tip if this helps :)
btc: 13N2yrbL13vuBufeeMRASGSmNpnBSVu3in
eth: 0xB96B305b8658c1aa7D380D5a7fAc1351cE650d80
ltc: LgsnbbAXckLKRBB1Pb4tt5Pm5VLdrRqtCB
Comment:
Not quite the descent I expected but this test on support could indicate a rebound towards the .618 fib... and possibly beyond?
Comment:
BTC mania has caused XBC to breach its major support. Let the dust settle to see how, or if, it rebounds.
Comment:
Theres been a sign of BTC losing momentum, hopefully, it buys XBC some time for a strong rebound into price correction. XBC support seems to be holding at about .017-0.18 sat. Stay tuned...
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