STRAT possible consolidation zone

20 thg 10, 2017

Strat has made the classic 12345 elliot wave extension with a nice ABC retracement right under the 0.883 fib, classic for crypto. Seems to be trying to break the downtrend and enter a consolidation phase for either a possible bounce or potentially a new market cycle; time will tell for that. Under 0.00054 would be a buy, with potential bottom supports being 0.00048-43. I would consider opening a long here and averaging in those two zones if we pull back some since we are at real emotional levels where a few people might just panic sell out of fear of losing it all.

25 thg 10, 2017

Ghi chú

For the record this chart was drawn up when price was 120k+ and posted in a slack group for those who saw it. Went exactly as predicted :)