If you've been following along, then you know that we are comparing current price action, to a fractal pattern from November 2017. And, we have been using Bitfinex vs. Poloniex. In this chart, for no particular reason, I am using Bitstamp, and I am comparing a 12 Hour chart (2017) vs. a 2 day chart (2019). As I compare the two patterns, I have noticed that there is (roughly) a 3:1 ratio of - 3 days current to 1 day in the past.
When we look at the Poloniex chart, I believe that it indicates that we could experience one more low to approximately $0.19 cents. But, when I compare the Bitstamp or Bitfinex chart, it appears that the correction could easily be finished, and price will now begin to climb up to the $.40 cent range. Is it decided? NO! The market will decide (IT ALWAYS DOES) and I will react to it's decision!!! What you decide is up to you!
I placed a red rectangle box under the current lows as a support buffer for those that choose to be dogmatic about my (exact) $.26300 price target...below that box is BEARISH!
Enjoy your day!
When we look at the Poloniex chart, I believe that it indicates that we could experience one more low to approximately $0.19 cents. But, when I compare the Bitstamp or Bitfinex chart, it appears that the correction could easily be finished, and price will now begin to climb up to the $.40 cent range. Is it decided? NO! The market will decide (IT ALWAYS DOES) and I will react to it's decision!!! What you decide is up to you!
I placed a red rectangle box under the current lows as a support buffer for those that choose to be dogmatic about my (exact) $.26300 price target...below that box is BEARISH!
Enjoy your day!