quick update. We have completed a satisfactory ABC correction after 5 cycle Elliot impulse wave(check out my linked Ideas below). Ideal would have been 9350 to touch the 20period SMA on the weekly but as seen below this will do.
It is reasonably safe to go long at this point of time. 100 period daily SMA was breached same as the other previous corrections, and while weekly was not touched it is satisfactory. As always capital management is recommended
It is reasonably safe to go long at this point of time. 100 period daily SMA was breached same as the other previous corrections, and while weekly was not touched it is satisfactory. As always capital management is recommended
Trade closed manually:
Don't like current structure. We will wait and see to reduce risk. Recommend closing trades if you feel uncomfortable
Comment:
trade active long reopened. average price 9500
Trade active
Comment:
I will make news charts today with BTC ETH LTC and BCH. Present both bullish and bearish arguements
Trade closed: target reached
Additionally volume confirms reversal