thanks and yes i am not pumping if the pattern was down i'd indicate it, being a little sarcastic to claytrader as he posts videos afterhours of down days, but here's technically why I think we will rise.
**based on daily trimeframe
1.) a confluence of a new trend line (if you use fib fans it's the same thing) and the .786 fib level, this is the line in the sand retracement if we go below that normally it's a "technical reversal". This also is a confluence with prior resistance turned support just above the shooting star candle we broke through before our last runup within the last few days of November, this is a trifecta of confluence in this zone, .18-.20 strong support, it's good that it overcame the short term push below .18 to .16 land quickly as it only makes it that much stronger.
2.) Faster more responsive Stochastic with metrics (14,3,1) is turning up and has been tracing higher highs since late November, now it's turning up just before crossing the lower bound OS signal line, not quite technical divergence but it shows you the building of bull momentum over time (2-3 weeks give or take)
3.) The slower Stochastic RSI with Metric/inputs (3,3,14,14,close) is oversold and preparing for a reset. Remember these are lagging so by the time it officially resets and turns up, price, the input it's a derivative of, will have already turned up.
4.) we have been in a sideways triangle pattern with an indeterminate bottom IMO until now. To me this has been confirmed with today's green price action combined with yesterdays indifference/doji candlestick pattern that shows up when a bull and bear battle turn neutral, you will notice from my previous chart that the lower wick or intraday extreme is longer forming a lower hanging man: this indicates bulls overcame and ate away an intraday drop and thus implies bull power, today proved this to be the case.
Caveat to be balanced: We must overcome the .618 level (previous golden mean fib ratio support that has been broken, this also depends on my plotting I may be off so I urge you to check me) and the trend line that we broke through a few days ago which is about at .1888-.19, once we close on an intraday above that and then eventually a daily we will be in breakout mode IMO..These are illiquid markets and technical analysis is simply one tool that should be used in conjunction with market sentiment, volume and updated DD, manipulation and low liquidity make technical less reliable but BTCS is unique in that it has proven to be a very active stock plotting fairly and more progressively reliable patterns.
GLTA we must be close, I don't pump you guys have many more shares than me based on what I've seen posted, i have skin in it but some of you blow me out so my incentive to pump is null at best.
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