After seeing some quick action on BCD following an ATL, BCD has now retraced back to a healthy price range @300. I anticapte this could be the formation of Wave 2 or Wave 1 still forming. Entry At 295-300, SL At 285. As always take it with a grain of salt, and happy trading.
Comment:
My OCD is getting the best of me. Wave 2 retraced about halfway between .618, and .786. Please comment if you want an updated illustration of my EW count
Comment:
Be patient everyone. The fact that its holding its satoshi value as bitcoin makes an ascent is promising. When it happens it will happen in a span of hours. Be awake, caffeinated and sell orders in place. Happy Trading.
Wave 3: adjusted to 361
Wave 4: Anticipate smaller retracement as Wave 2 had a .786 retracement back to 289. (SL was not triggered)
Wave 5: TBD