We think that AXS is in the perfect position for a running flat correction which would catch many traders off guard, making price shoot up really fast once again. As such we have found a way to make a trade with a stunning 18 R:R which is obviously not super likely to succeed but if it does it will be very profitable.
It is also a consideration that price may decide to gravitate towards the Low Volume Node which would print our final low at 6.37 rather than here, which is why we have placed a very tight stop loss. If the stop loss is triggered, we will simply re-enter at this level.
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This is aging very very well lol
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Trade still active! In fact, we have doubled our position at these low prices. This is more bullish than ever.
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Just wanted to let everyone know that the subwaves have changed some from the initial idea.
This is clearly a fourth wave contracting triangle and price is about to shoot up rapidly.
thanks for the update bro. Still Active on the trade
LetsGoCola
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cool bow!
so where do you think the price wil stop before itll dip again?
(if theres still be another dip..?)
bowtrix
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@LetsGoCola, There is always a dip. But it's too far off to call yet (gonna be a good one, since wave 1 though ;) )
LetsGoCola
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@bowtrix, i took profit on this one already so yeah many thanks bow!
i'll waiting for the dip to go long again :)
LetsGoCola
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hey @bowtrix !
thanks again for another good call!
i managed to rude on this one...so what are the chances itll drop back down to 5?
bowtrix
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@LetsGoCola, the 5 is only if the idea invalidates we plan to short. At the moment we think it is relatively unlikely to move down from the triangle, but it all depends on whether our analysis is a correct interpretation of the waves so we will give it a fair ~25% chance of being wrong in which case we expect a fall to 5.
LetsGoCola
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cool! alright @bowtrix, thanks again for another good call!
blowtrix
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But you recently said, it MUST go down to $3. IT MUST... don't forget. Show me some Elliot Wave of AXS in the past weeks where it MUST go down to $3.
bowtrix
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@blowtrix, sorry about that one my dude you were right saying "must" is really not smart I would have been much wiser to say "most likely".
blowtrix
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@bowtrix, Can't wait for you to delete your account from tradingview. I would actually pay you to do so, to save others from loosing money by looking at your ideas. Just tell me how much and your xrp address.