Possible ETH Long preparing. I also have a Short position which may fail. Checked down to the 15 minute and see clear Elliot structure--although we do have a leading diagonal. So technically we are still putting in the 1st wave if bullish count holds.
Waiting for technical confluence on pullback before position and updates.
Waiting for technical confluence on pullback before position and updates.
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Let's see if it trades technically.
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Sorry people about ETH/BTC label. I trade mostly alts so did out of habit. I trade ETH on Coinbase due to history
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Volume. Take note.
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2hr Chart. Not expecting any quick movements
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Looking to reach a little higher. This is only completing the first wave. I will sit and monitor the reaction around 1160
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Quick morning update on ETH. Ethereum is looking extremely healthy this year. The correction was relatively quick and has been showing much more signs of life than the most of the top alts (the ones experiencing complex corrections). Definitely uptrending which gives good signs of healthy returns for ETH this year.
However, this does not mean that we are in the clear just yet. Trading is all about finding a good entry with minimal risk--and having a target. Even if that target is only a potential target. Everyone should have some capital to throw a good trade from last quarter's run--so my suggestion for myself...Wait for the trade. Like to sideline for a little bit longer. We had a leading diagonal and should be nearing completion of our 1 wave. Set alarms and be ready.
However, this does not mean that we are in the clear just yet. Trading is all about finding a good entry with minimal risk--and having a target. Even if that target is only a potential target. Everyone should have some capital to throw a good trade from last quarter's run--so my suggestion for myself...Wait for the trade. Like to sideline for a little bit longer. We had a leading diagonal and should be nearing completion of our 1 wave. Set alarms and be ready.
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Alternate count putting us in 3rd subwave. Let's see reaction
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Trade active:
If I was just entering a position with no house money, Stop would be to not invalidate wave 1. Odds are a bit low, but if playing as a 3rd, risk/reward looks much better.
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Ethereum looking strong.
Biz to attend to. Will update tonight.
Biz to attend to. Will update tonight.
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Slight adjustment of target. Feel late to this one. Too slow
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Alarm hit. 4hr
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Letting the machine cool...For now.
Stopped out last night around break-even. ETH was slammed hard. Definitely some flipping occurred.
Looking for violation of our 1 wave before I revise the count.
Stopped out last night around break-even. ETH was slammed hard. Definitely some flipping occurred.
Looking for violation of our 1 wave before I revise the count.
Trade closed manually:
New chart incoming...