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Date Posted: 09:14:26 05/18/19 Sat
Author: Philbond007
Subject: XBT(bitcoin dollar index): daily candle chart / Eli @ IPOs

Been much too busy, as for the IPO's you mentioned, I haven't a clue.

On 4/2, I posted the XBT chart which had $8,100 as the top end resistance for this move, which was exceeded by a couple hundred two days ago on May 16. NOT SHOWN on the chart below are the FIB's, which ROUGHLY come in around $9,500, $11,500, $13,500 for .382, .5 & .618 respectively.

You'll note the next two MAJOR resistance levels on the chart below are $9,000, followed by $14,100. Note also the FIB's mentioned above are ALL in between the next two MAJOR resistance levels. Finally, in my opinion, a quarterly close above $14,100 puts $21,000 in play.

Resistance levels shown on the chart below are quarterly numbers(THICK dashed GREEN line), meaning, if XBT manages a quarterly close above $8,100, it puts $9,000 in play, & a quarterly close above $9,000 puts $14,100 in play.

Quarterly figures seem to be a more conservative way to play this stuff, & with that said, it's important to note THIS QUARTER isn't over & won't be for weeks. So the next best thing is MONTHLY numbers shown on the chart below as (THIN dashed ORANGE line).

Unfortunately, it's still almost 2 weeks away for the monthly close, so what about the weekly numbers you ask? Too much feckin clutter on the chart already, so you can do what I do & not waste your time looking at this stuff every day.

Bottom line, between now & quarter end, I'd like to see a monthly closing candle above $7,900, & I certainly wouldn't wanna see a QUARTERLY close BELOW $5,500.



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