Bullseye candidate: OTE Long

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
740 10 3
Buying at OTE             level

... I know , I know my stops are always too tight ^^
Define OTE please, thank you.
PaulAnthony IvanLabrie
optimal trade entry
IvanLabrie PaulAnthony
That's a pretty flashy term :p
Then down?
johnrfraser MoonTrader
I have the same question...buying at this level to then short from point B of the ABC correction down to 215 as per the previous that the idea?
correct !
johnrfraser MagnusTradingGroup
Woohoo! :-)
Once we get back up to high 200s how can we be sure that this hasn't just been a retrace running into a larger level 3 impulse upwards (ie why is this journey to 260 not wave 1 to 2, but the first leg of a deeper abc)?
Thanks a lot
+1 Reply
johnrfraser johnrfraser my chart:
+1 Reply
And out.
+1 Reply
fastest stop-out ever xD
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