Good day all crypto traders!
As we are well aware there has been a sharp decline in the market which i am sure is causing some concern. For me and a few of my colleges this is what we have been waiting for. Least we forget the sharp decline of 2015 were 80% of the chatrooms were indicating BTC to zero. My Analysis is based on Elliot waves and the macro economic trends that are happening. With the global economic virus that is spreading i believe many will flee and loose confidence in the US financial system and potentially hedge their bets on crypto. My second method is a 1.27 extension of Wave A and B.
We have not had this much volume ever on the daily which is a great sign of a reversal. As far as picking a entry i believe the best method is start adding small longs and gradually build up a sizable long position. Remember leverage can be helpful but it can also be hugely detrimental. Stop losses for me will be @3200 so please do not go all in at this current market price. If you are still concerned wait for three daily candles that close above the daily 200ma.
As always i wish you all the best, Much love Kiwi Trades.
As we are well aware there has been a sharp decline in the market which i am sure is causing some concern. For me and a few of my colleges this is what we have been waiting for. Least we forget the sharp decline of 2015 were 80% of the chatrooms were indicating BTC to zero. My Analysis is based on Elliot waves and the macro economic trends that are happening. With the global economic virus that is spreading i believe many will flee and loose confidence in the US financial system and potentially hedge their bets on crypto. My second method is a 1.27 extension of Wave A and B.
We have not had this much volume ever on the daily which is a great sign of a reversal. As far as picking a entry i believe the best method is start adding small longs and gradually build up a sizable long position. Remember leverage can be helpful but it can also be hugely detrimental. Stop losses for me will be @3200 so please do not go all in at this current market price. If you are still concerned wait for three daily candles that close above the daily 200ma.
As always i wish you all the best, Much love Kiwi Trades.
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Looking good so far, will notify when i buy the dips.
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Strap in your seat!
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For all that chose to buy at that point, congratulations. We are sipping whisky utop our pile of profits.
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keep holding! we have timed this wave perfectly.
