MatTheCat
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1000


View Profile Personal Message (Offline)

Ignore
November 07, 2015, 03:47:14 PM

Tired of looking at crappy line drawing that shows absolutely nothing, so here's what I see as the best altcoin trader in the universe.  So in other words, a trading range of 360 - 415.  Take the bottom of 360, add it to the top resistance point of 415, divide it by two = average of 387.5, exactly where the price is.



Called the 415 before it went there while it was at 370 or so in the 2nd wave blowoff too:

Will test $415 next

Called the $415 as a point of resistance, and then the $395....which will be breached.

With 4 hr MACD coming around, and striking negative divergence on the 4hr charts, expect the 61.8% retracement from the $505 - $350 correction (so about $450) to be tested over the coming days....tested and breached? Probably not on the first attempt.

I forsee a very large bull flag forming, with huge trading ranges between the peaks and the troughs already having demonstrated themselves.