Thanks for viewing,
Just sharing my trade. I am counting wave A, some of wave B so far, and have decided to play wave (c) of wave B up targeting $150 for up to +20% gain. The bounce should stop around somewhere around the 0.618 fib retracement (of wave A) before starting wave C down to around about $100 (hopefully lower - so I can buy in again).
ETH has been rather volatile of late (in a good way) so I figure a strong bounce is possible.
There are probably more ideal set-ups - but the risk to reward looks pretty good to me - so I will have a go. This will likely be a rather short-term play. If I am not stopped out, I will raise my stop loss first to wave 2 peak, then wave 4 peak before targeting a 1.618 fib extension of wave i of wave (v) at or around $150. Let's do it.
Wish me luck. Protect those funds.
Just sharing my trade. I am counting wave A, some of wave B so far, and have decided to play wave (c) of wave B up targeting $150 for up to +20% gain. The bounce should stop around somewhere around the 0.618 fib retracement (of wave A) before starting wave C down to around about $100 (hopefully lower - so I can buy in again).
ETH has been rather volatile of late (in a good way) so I figure a strong bounce is possible.
There are probably more ideal set-ups - but the risk to reward looks pretty good to me - so I will have a go. This will likely be a rather short-term play. If I am not stopped out, I will raise my stop loss first to wave 2 peak, then wave 4 peak before targeting a 1.618 fib extension of wave i of wave (v) at or around $150. Let's do it.
Wish me luck. Protect those funds.
Comment:
Didn't enter yet, was waiting for a <100% retracement to form wave (ii).
Trade closed: target reached:
fingers not rekt...