BLK/BTC Buy Order

in bitcoin •  8 years ago 

This chart above represents the daily time frame where it had a great up move in June and a great consolidation pattern. Today's action sees that it went to previous high and is pulling back. Markets often times will come to where they came from and this baby came from 19000 satoshi seen below in the four hour time frame which is just coming back to the correction area. Because I will be using one of the smaller sites to place this buy order that is not Bitrex I will look for a nice deal but I won't go that low because I want an entry. I have a placed a buy order a little north of 18,000 satoshi on a small site. If the order gets executed than I can use the math formula of (High/Low)^1.618*Low or that 24k/13.2k ^ 1.618 * 13.2 = under 35k. This gives me opportunity to net very close to a 100% gain on this with a sell target most likely being placed near 34ish.

Good day

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I love the charts.

BLK is the Underdog !