Very healthy looking 2 year chart, with higher low
Post# of 82686
(Total Views: 385)
Posted On: 03/21/2018 11:36:19 PM
Re: joho611000 #21176
Very healthy looking 2 year chart, with higher lows. Why is this important? Flippers looking to make a profit have to buy back in at higher lows and to have decent profits will hold a little longer for higher selling prices. This is known as price consolidation.
Theoretically, If nothing changed over the next year in the patern of the chart, we should be trading with lows around 0.01-0.015 with highs of around 0.025-0.07. That would be with no major news (good or bad). This is simply based on the historical trading patterns of SFOR chart over the last 2 years and would give current buyers 100%-500% returns. NOT too shabby!
Anyone that likes charts can see the lows and how we bounce off of them. This is the "ascending triangle" sled mentions every now and then.
I'm hoping for news in weeks to come. This could change the trading pattern going forward.
GLTA
IMO
Theoretically, If nothing changed over the next year in the patern of the chart, we should be trading with lows around 0.01-0.015 with highs of around 0.025-0.07. That would be with no major news (good or bad). This is simply based on the historical trading patterns of SFOR chart over the last 2 years and would give current buyers 100%-500% returns. NOT too shabby!
Anyone that likes charts can see the lows and how we bounce off of them. This is the "ascending triangle" sled mentions every now and then.
I'm hoping for news in weeks to come. This could change the trading pattern going forward.
GLTA
IMO
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