luigipal

luigipal

Took a small short term position here at 872 ...BCH chart is mimicking BTC and I am expecting one last extended wave up on BTC before further down. Would have prefered multiple FIb supports, rather than just horizontal local so will be running with 2% stop as opposed to usual looser stops.

luigipal

Took profits on 33% position here at the 161% Fib Projection. Long term MACD has room to run but short term RSI formed H&S at resistance... means no reason to give up profits. Possible consolidation in teal triangle as formed by fib and fib fan with lower support at the local .236 horiz fib/ multiple time frame fib fan confluence and major fib circle confluence...

luigipal

Multiple Fibonacci (Fan and Horiz) confluence coming up in 862-908 range... Depending on BTC, may be a good place to buy.