ZCL- Accumulation points in preparation for Bitcoin Private fork

15 февр. 2018 г.

After a massive move up, price as formed a head and shoulders pattern + broke below the neckline.

Highlighted are 2 possible accumulation points if price reaches these points in the near future.

Point 1 :
Fibonacci cluster (1.618 inversion & 1.414 extension) + big resistance reaction to the left (follow green line) + previously formed structure support + possible arrival of 100 EMA into the zone.

Point 2 :
big resistance reaction to the left (follow orange line) + head and shoulders pattern target taking + area underneath 100EMA - which I believe will be overshot before price rejects back above and moves further up.



Trade with care.

15 февр. 2018 г.

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Realised the feed doesnt go that far back..

15 февр. 2018 г.

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Very strong reaction off 100 EMA

15 февр. 2018 г.

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Nice head and shoulders pattern

16 февр. 2018 г.

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had issues breaking the neckline

17 февр. 2018 г.

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Lost the charting for this idea so had to redo it.

We have reached acc zone 2

17 февр. 2018 г.

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seeing a decent amount of divergence on the RSI here

19 февр. 2018 г.

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Head and shoulders pattern has formed.
A break above the neckline will be good