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Godly
Jul 13, 2017 8:24 AM

ETC surfin' the waves [Market Geometry/EW] Long

Ethereum Classic / Tether USDPoloniex

Description

ETCUSDT completed it's 3rd wave and now on it’s 4th wave can expect a retrace to the Buy Zone (resistance turned support/50% retracement); afterwards the 5th wave will begin and should rise to 1 of the 3 take profit zones; Safe traders can set their sells to first take profit zone for a quick position and riskier traders can watch it closely for closes above the take profit zones indicating an extended 5th wave. BTCUSDT should settle down today (7/13/2017) and continue upwards for a bit coinciding with the 4th wave end and 5th wave beginning.

Buy: 14.87USDT-16.5USDT
Sell/Take profit: 18.2USDT/20.00USDT (Emotional price level)/21.5USDT
Stop/Loss: 14.68USDT/15.48USDT
Timeframe: Approximately 2 days

Side note: In reference to the ETCUSDT chart posted yesterday, that chart comes into effect once this wave cycle is complete (12345-ABC)

Trade active

Still surfin' the waves with a brew in one hand and a cohiba in the other.

Trade active

Open long position if you haven't already; we're goin' to the sky.

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If you missed chance to buy, lowest is 15.1USDT

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Imo Bitcoin is very volatile it's best to wait until we find support.

Comment

also we retested 15.8, but retraced afterward.

Comment

Set sell to $15.2

Trade closed manually

Comments
a-vires
Upvoted xD
TheTrex
Charts becoming better and better. Good job! :)
Godly
@TheTrex, Thanks brother; patience becoming more and more stronger haha.
aakashbit
it did not DIP as expected?? So is it going to cont up until 20$ or you think it will still come down first to 15$ level before goin to 20$?
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