Hi,
In the next days I am expecting RVNBTC to continue its move towards the final wing of its wonderful Bat formation.
If that is the case there will be a half-way target which is at around 810ish, the high of the last wave to the upside.
It is worth to mention that the final target of the Bat at 161% of the first wave up, is at the same time the Dynamic Meridian line of the Instrument.
Option: Sell at Target I and II. Optional: take profit at the middle line which is also a major resistance zone.
Trust yourself and be happy
Heish
In the next days I am expecting RVNBTC to continue its move towards the final wing of its wonderful Bat formation.
If that is the case there will be a half-way target which is at around 810ish, the high of the last wave to the upside.
It is worth to mention that the final target of the Bat at 161% of the first wave up, is at the same time the Dynamic Meridian line of the Instrument.
Option: Sell at Target I and II. Optional: take profit at the middle line which is also a major resistance zone.
Trust yourself and be happy
Heish
Trade closed: target reached:
It reached the zone of 940. Now I expect a little profit taking - check also what BTCUSD is doing. Corrective move is probable. Check for signals on 800ish and act accordingly without assuming anything. Bullish move is possible from there if the fundamentals and the market move accordingly.