You can wait for the FOMC press conference in 3 hours.
Price is going up.
You may want to buy on a higher high here:
The leg down is very extended and about now would be a good time for a bounce:
It's possible in a few hours news make the price go up very quickly.
I'm comfy because I risk little to make alot , no point overthinking it, this looks good to me.
Not touching my stop till we get close to the neckline.
Some people move their SL to breakeven as soon as the price goes their way but I don't want to get kicked out prematurely of big winners 70% of the time.
Week is almost over, I guess we'll have to wait next week to see if it keeps going up and if we go above the major neckline...
If it retraces that much again it is not normal.
Taking too long...
I am out, small profit.
If I was still in I'd be trailing. All the way to the moon. To the Bentley.
Time to look back at it...
It would be a big winner, not huge, not like with the pound recently.
If I waited for 3 or 4 R before trailing my stop I'd catch the move.
This one was pretty hard to stay into.
They both are innovative techs. They both are 40 years old.
The difference is the Internet got adopted 25 years ago, and Crypto enthusiasts are still looking for a use case other than criminal activity.