Hello guys,
I'm a huge believer of the R=VD equation and it has totally changed my life. So what's this R=VD equation? It is said that if one dreams vividly, there is a high chance of it becoming true. Jim Carrey is also known for executing this successful habit in a daily basis. In 1985 Jim Carrey used to be a bit part actor he wrote himself a 10 million dollar check and dated it 10 years later. Call it a coincidence, 10 years later in November 1995, he found out he was cast in the movie Dumb and Dumber for — you guessed it — $10 million.
I'm 1Percent and I will be your companion from now on to achieve the top 1% and share quality information such as investment mindset, strategies, stocks and crypto technical analysis. The power of dreaming is POWERFUL and should not be underestimated. I believe that we are in the Golden age of opportunity with crypto and I will go through this journey with you together.
Now let's take a look at the Ethereum chart (I personally like trading alts better right now because of the volatility).
Using the Elliott wave theory, we've recently seen a beautiful bounce from 1698 composed of 5 waves which could either mean that we're in a trend reversal or the start of a technical bounce. This means that the bulls have a chance midterm. However we've seen a quite violent rejection at 2388 which gives the bears the advantage in the short term. Since we had a 5 wave impulse the short term downside is probably a correction. HOWEVER if we start losing key range levels and ultimately lose 1698 we should see a new impulse down and head much lower.
The short scalp setups are plays that I'm personally taking. Always remember to manage your risks if you're planning to follow.
For those that are looking into getting into swing positions, this is a no trade zone. I personally would wait for a confirmation to the upside or downside after getting out of last week's range. We'll get a clearer picture of the bigger picture once we do so.
Stay safe out there and keep your dreams real.
1PERCENT
I'm a huge believer of the R=VD equation and it has totally changed my life. So what's this R=VD equation? It is said that if one dreams vividly, there is a high chance of it becoming true. Jim Carrey is also known for executing this successful habit in a daily basis. In 1985 Jim Carrey used to be a bit part actor he wrote himself a 10 million dollar check and dated it 10 years later. Call it a coincidence, 10 years later in November 1995, he found out he was cast in the movie Dumb and Dumber for — you guessed it — $10 million.
I'm 1Percent and I will be your companion from now on to achieve the top 1% and share quality information such as investment mindset, strategies, stocks and crypto technical analysis. The power of dreaming is POWERFUL and should not be underestimated. I believe that we are in the Golden age of opportunity with crypto and I will go through this journey with you together.
Now let's take a look at the Ethereum chart (I personally like trading alts better right now because of the volatility).
Using the Elliott wave theory, we've recently seen a beautiful bounce from 1698 composed of 5 waves which could either mean that we're in a trend reversal or the start of a technical bounce. This means that the bulls have a chance midterm. However we've seen a quite violent rejection at 2388 which gives the bears the advantage in the short term. Since we had a 5 wave impulse the short term downside is probably a correction. HOWEVER if we start losing key range levels and ultimately lose 1698 we should see a new impulse down and head much lower.
The short scalp setups are plays that I'm personally taking. Always remember to manage your risks if you're planning to follow.
For those that are looking into getting into swing positions, this is a no trade zone. I personally would wait for a confirmation to the upside or downside after getting out of last week's range. We'll get a clearer picture of the bigger picture once we do so.
Stay safe out there and keep your dreams real.
1PERCENT
Trade closed: stop reached:
Will look for another play once we break this weekly range level.
