Appears as though we still have one little push down to finish off this correction before we begin our push upwards. Shouldn't drop below 197 before pushing up for wave 3 of the intermediary count.
NOT FINANCIAL ADVICE Let me know what your thoughts are
Don't see 2 falling to $200, market is showing more signs to continue upward instead.
zerotozeros12
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@axdimensions, I agree! Definitely showing strong signs of continued movement upwards. Still potential that we could have one last push down to the 200 range. As far as the 197 price, I just like to error on the safe side and for me a drop below 197 was my failure point, at which I would close any positions and reassess the market.
axdimensions
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@zerotozeros12, If you look at the market.. market reached the resistance zone $230-235. Now the market needs to form a structure and will go below $197. I took profit at 220s and will now re-enter around mid 190s.
zerotozeros12
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@axdimensions, I shorted on the way down. Then got back in at 211 on eth and then 6390 on btc. I'm going to watch the market to see how things move from here. I don't know that we will go lower.
axdimensions
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@zerotozeros12, Market seems to be playing out well..waiting for the final leg to support zone 188-191.