BSVCF

ETH/BTC Still To Complete Correction Before Move Up?.

Long
POLONIEX:ETHBTC   Ethereum / Bitcoin
Waiting for ETH to break the 4h trend line for a small move up then back down to complete the higher degree wave.

Will look to take a small long followed by short from the 0.0236 level down towards 0.0124.

I will wait to see how structure develops once the wave completes before taking buying at the bottom.
Comment: ETH still in down consolidation, still not buying until I see a confirmed breakout.
Trade active: Price confirmed breakout and is now in an impulse.Stops below low of the move.
Comment: Price moving as expected, lets see what it does at the 0.023 level.

Comments

great catch, it should make another down now :)
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where to trade this currency?
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BSVCF wavesoptions
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Well, THAT is a confirmed breakout. But your chart contains another down move. Seems we've already had five subwaves down, do you expect a larger three wave down to develop?
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Good post, let's see how it develops
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