At a cross roads ATM and u could read it either way :S
After such a massive sell off and an ending diagonal on wave 5 it looks to me that our ABC was actually a impulse 5 wave to the lower
Currently we are in a triagle which is a classic wave 4 position when wave 2 has a sharp retrace (as we did)
If we break 272 then what Im calling wave 4 is actually wave 2 and 300+ coinz are on the map
Personally we broke tooo deep and too hard into our 5 wave sequence up to give me confidence to back this play
The smart money would wait until we either break above 270 (then its wave 2) or break below 247 (then its wave 4)
Im neither smart or paitient (..lolz) so im now going with a gut feel for it ;) so Im short
After such a massive sell off and an ending diagonal on wave 5 it looks to me that our ABC was actually a impulse 5 wave to the lower
Currently we are in a triagle which is a classic wave 4 position when wave 2 has a sharp retrace (as we did)
If we break 272 then what Im calling wave 4 is actually wave 2 and 300+ coinz are on the map
Personally we broke tooo deep and too hard into our 5 wave sequence up to give me confidence to back this play
The smart money would wait until we either break above 270 (then its wave 2) or break below 247 (then its wave 4)
Im neither smart or paitient (..lolz) so im now going with a gut feel for it ;) so Im short
