- Wave (2)' was a correction that retraced to .382 fib. I expect a larger correction for wave (4)'
- This means I will be selling my position at the end of wave (3)'
- We are in wave (3)'
- Wave (3)' has 5 subwaves. The targets for wave (3)' and its subwaves are labelled by the green boxes.
- Entry is red box.
- Once we hit wave (3)' target (assuming if we do). We can start to look for wave (4)' target for rebuys by that time.
Time of high , take care.
ABCDE triangle correction forming.
I am in at the moment.
If the triangle breaks down and we go to the initial red box (fib level). I will buy more to lower base price.
Previous targets still valid.
***THIS IS AN IMPORTANT UPDATE***
I was wrong about wave (3)' target.
Abandon the old (3)' target, go straight to wave (5)' target.
I did not successfully short wave (4)' .
I will post a trading journal later this week specifically analyzing this trade. Focusing on what I did correctly/incorrectly.
If it goes to 1.6, you can set stoploss at 1.58
If it goes to 1.7, you can set stoploss at 1.68
Bitcoin is STILL NOT IN THE CLEAR! Though currently bullish.
Be safe. Don't be sorry.
Open short positions/buy level $.90
People still holding xrp, take care.
Same for btc.
I am holding short positions/usdt only.
This is a low time frame chart.
We are having lower highs & lower lows.
I am bearish.
Lower time frame. How we breakout from this triangle/wedge has strong implication of price movement in the upcoming days.
Heading out, will be back later today.
i expect a drop
For me to keep the record/my own entertainment. You can ignore this update.
These predictions are rarely perfect.