Yesterday I showed my Fib retracement of the #EDG / #BTC chart, and explained why I thought that #Edgeless might continue to go up, and why I bought again.
See yesterday's post about this here: https://steemit.com/edg/@bertuseng/buy-signal-for-edg-btc-more-money-to-be-made-today
One day, later and as you can see in the chart below, it did touch the Fib support line a few times, and even broke through the .382 line, which had me worried for a bit. But I stuck to my guns and waited it out, and surely enough, EDG took off again, and broke through the top resistance line, for new highs.
This meant a sell signal for me, to take my profits at 31000 sats.
Question is now - does this count as a FLAG that is forming, and is there a possibility that it would increase its upwards trend after this flag structure?
What do you TA experts say?
Great article
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @bertuseng! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Round of 16 - Day 3
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @bertuseng! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit