Price broke strong resistance, and there is a high probability that previous resistance will become our next support before going up. Also see how the trend is changing to bullish, price is making higher highs and higher lows. The best entry is to wait for price to come back to 0.0003993 and long from there. Remember: When resistance is broken, very often it becomes support.
Trade active
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As expected price came back to the weekly level with is becoming support now! Entry long @ 3993 SL: 3744 (below the red OB) TP: Just let it ride for the moment, I will update once we make a higher high
4800 target but problems BTC will up then EOS up and BTC down EOS down
DMG_Intelligence
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@Whalesroom1x, Hi bro, as you can see the entry was perfect! Now that we are in profit, you can take like 30% and let the rest ride. Of course when there is a huge spike in BTCUSD people are selling alts to quickly buy BTC. When BTC dumps quickly, it's the same people selling alts to BTC and BTC to fiat. The best time for alts is when BTC is ranging which is almost 80% of the time :)
In a Elliot wave perspective, I think that wave 4 is complete and we are running for a good wave 5.
DMG_Intelligence
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@Whalesroom1x, Since we made a good entry and we are in profit I think the best thing to do is to put a trailling stop and set an alert if we make a new high. Also If you don't want to take any risk, just close 70% of your position at the 0.618 fib retracement with almost 10% profit and let the rest ride.
@Whalesroom1x, Welcome my friend, also there will be a short opportunity when price reach the weekly level in the chart. The previous weekly support will become our resistance and we should not miss this one.