Alright, so last night there was potential for BTC to go down, so I took the trade with good risk & lost. That's trading though, no biggie.
Now I'm seeing a nice looking potential finish of this 4 wave structure before we go down for a completed 5th, and a nice bull run.
I gave 2 options for my entries. Potentially will just ladder them the more it goes up rather than setting a tight stop because I believe this is going to be dropping hard regardless which zone it gets to.
Also, if it breaks that yellow trend line, we're waiting for a little consolidation to confirm and there is another entry point there.
Finally, the RSI is confirming this position as well as the MACD! Good confluence, great trade to keep an eye on!
Let's see how she goes :D
Now I'm seeing a nice looking potential finish of this 4 wave structure before we go down for a completed 5th, and a nice bull run.
I gave 2 options for my entries. Potentially will just ladder them the more it goes up rather than setting a tight stop because I believe this is going to be dropping hard regardless which zone it gets to.
Also, if it breaks that yellow trend line, we're waiting for a little consolidation to confirm and there is another entry point there.
Finally, the RSI is confirming this position as well as the MACD! Good confluence, great trade to keep an eye on!
Let's see how she goes :D
Comment:
Dont be surprised if you see this pattern form!! If anything, just going to be a greater opportunity short :)
Comment:
BOOM! 8% gains so far with this guys. Will we see a bounce to around 7300s before another jolt down? Let's see - I just took partial profits