Bontworth
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POWER or lower?

BITTREX:POWRBTC   PowerLedger / Bitcoin
I think power still wants its bigger retracement. I have been bullish on this coin and still am, but we may see it retrace to lower support as indicated by the yellow ellipse on chart. If it breaks to the upside of the triangle i will be long again. If it gets down to support first i will be long as well with a tight stop below support.

Thoughts?
possibly - i think many people are holding for announcement on Monday - i expect it to remain steady with another bull run or two till then
+1 回复
I think the same. The price has been in a neutral zone for too long. Too many buyers waiting for a lower price and sellers waiting for a higher price. The first group to break are always the sellers. They'll most likely sell, jump into another trade, and then purchase more when the price has dropped.
回复
@komeck,

Nice insight, thanks.
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