ZCL- Accumulation points in preparation for Bitcoin Private fork

2018년 2월 15일

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.

2018년 2월 15일

노트

Realised the feed doesnt go that far back..

2018년 2월 15일

노트

Very strong reaction off 100 EMA

2018년 2월 15일

노트

Nice head and shoulders pattern

2018년 2월 16일

노트

had issues breaking the neckline

2018년 2월 17일

노트

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

We have reached acc zone 2

2018년 2월 17일

노트

seeing a decent amount of divergence on the RSI here

2018년 2월 19일

노트

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