small adjustent note BTC 4 hr
On bitcoin's 4hr, i am noticing some exhaustion and wanted to keep tabs on this specific retracte level to .5 fib
depending on where this consolidates will determine my position entries on certain assets. XDC pumped up nicely to more profit taking levels since last posting.
depending on where this consolidates will determine my position entries on certain assets. XDC pumped up nicely to more profit taking levels since last posting.
Trade closed: target reached:
extension of the fibs to a lower reference point of 31k~~ gives us a golden pocket of current levels. disregard prior assessment unless as an exit point for quick swing.
debating entries at 35-34.7k levels.
the shorts have begun unloading but not in an eccentric fashion. current situation is that if they continue to unload at these levels and we reverse price back up after achieving support confirmation; my assumption is that the shorts SL or B/E at or around current levels.
very skeptical currently and treating everything with scrutiny.
debating entries at 35-34.7k levels.
the shorts have begun unloading but not in an eccentric fashion. current situation is that if they continue to unload at these levels and we reverse price back up after achieving support confirmation; my assumption is that the shorts SL or B/E at or around current levels.
very skeptical currently and treating everything with scrutiny.
Comment:
the rally on the 19th may have concluded (2) for the elliot wave.
Trade closed: target reached:
bottom on the 26th may have concluded elliot wave breakdown.