Welcome everyone,
My name is Schyler with NewWave Traders. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit that follow & Like button if you'd like help creating this reality and let's do BIG THINGS together.
In this chart I'm highlighting an Elliott Wave count for ETH/USD to proposed an impulse wave to $943 using Fibonacci Extensions. These Extensions are my favorite and I wouldn't be able to do Elliott Wave so accurately without them. They are a north star for my targets and exits.
The invalidation for this count is under the origination of the proposed wave 1 that has formed. Now, it's good to take note that the wave 1 is ugly and we've been ranging sideways struggling to break out like BTC has done, but ETH presents a fair opportunity to play catch up to Bitcoin's recent performance and is worth the risk IMO.
When it comes to trading there are 3 components you have to nail, an entry, a stop loss, and exits. Messing up one of these can mess up the entire trade so it's important to have strategies for them all that you feel confident you can rely on through backtesting and have a probabilistic understanding of.
To Your Success,
Schyler
NewWave Traders
My name is Schyler with NewWave Traders. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit that follow & Like button if you'd like help creating this reality and let's do BIG THINGS together.
In this chart I'm highlighting an Elliott Wave count for ETH/USD to proposed an impulse wave to $943 using Fibonacci Extensions. These Extensions are my favorite and I wouldn't be able to do Elliott Wave so accurately without them. They are a north star for my targets and exits.
The invalidation for this count is under the origination of the proposed wave 1 that has formed. Now, it's good to take note that the wave 1 is ugly and we've been ranging sideways struggling to break out like BTC has done, but ETH presents a fair opportunity to play catch up to Bitcoin's recent performance and is worth the risk IMO.
When it comes to trading there are 3 components you have to nail, an entry, a stop loss, and exits. Messing up one of these can mess up the entire trade so it's important to have strategies for them all that you feel confident you can rely on through backtesting and have a probabilistic understanding of.
To Your Success,
Schyler
NewWave Traders