BTC has completed a swing low after a 52 day right translated cycle. It made a lower high and a lower low during this cycle so I think it may be in a triangle. This cycle may left translate soon. I am taking a small position in BTS (bitshares) and will exit at the first pop.
Trade closed: stop reached:
This trade is stopped out since the price has dropped below the swing. I think the DCL is close by and my position in BTS is small, and I don't have time to trade often, so I will hold. The proper move is to stop out and buy in again at the next swing hopefully for a lower price.
Comment:
Comment:
We have a new swing low and a failed daily cycle.
Comment:
We have an ICL after a stretched left translated daily cycle. The ICL is still above the previous ICL. I am holding BTS from this idea at 0.24 and 0.16. I think there are small steady gains that can be made by continuing to count the cycles. I will sell sometime in the next 30 trading days.
Comment:
I meant to say:
It made a lower high and a higher low...