Last time we looked for a bottom much higher than at this point. Clearly we were expected to be worn out by this sell off in the broader markets, we could have been trapped at many point on the way down.
As long as the BTCETH chart looks well, we should plan accordingly.
What we see now is a real tangible recovery in the market, and if we want to leverage that we can choose an ALT with a track record of out-performing.
IMO now is the time, but, there should be stops in place for those taking positions.
As long as the BTCETH chart looks well, we should plan accordingly.
What we see now is a real tangible recovery in the market, and if we want to leverage that we can choose an ALT with a track record of out-performing.
IMO now is the time, but, there should be stops in place for those taking positions.
- W4 correction could be ending (not confirmed, need a higher low)
- W5 yet to play out, typically targets 0.618 extensions from the bottom of W1
- Cycles matching quite nicely
- A break of 0.5 could be explosive, indicating a small lag for accumulation here being a good opportunity (WITH STOP ORDERS ATTACHED)