The last wave dipped intraday 2 times the 0,5 fibo retracement..was that the hole consolidation? If the flag really is a flag , the next target could be 785 ...omg! ...sometimes, when you don`t believe what you are seeomg - it`s true ! ;-)
Trade active
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4
Trade closed: target reached
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Comments
The_Cannalyst
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SL-adjustment.....additional, i have illustrated a possible sl, for ultrashortterm-traders. The orange sl is the sl for the flagtrade
The_Cannalyst
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nice
The_Cannalyst
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perhaps a sl-adjustment makes sense..here is an example
XNIE
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I turned around 180 degrees @705 just in time ;)
SelectorSam
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hey, good analysis, its starting to pop. 721.88 on Bitfinex.
The_Cannalyst
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thx :-)
ZenTrader111
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Hey make that target $995 :)
The_Cannalyst
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perhaps in a view days :_)
XNIE
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I got some short positions around 670, is it better to take the loss now?
The_Cannalyst
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Hmmm...that Depends on your individual money management , Position sie...etc.....I hope you are not overleveraged...it is always easier to Prognose breakouts than turnarounds....Ich think we havent seen the final blowoff of this current breakoutmove Yet.