bitgains

education part 2

BITFINEX:ZRXUSD   0x / Dollar
what's next?

hidden bullish divs on macd and rsi

volume is not that good on the bounce tho, but if price keeps rising, could mean volume coming in slowly.

green trendline held support at .27
next support at .26
could be corrective move of market wide bear move towards market bottom (long-term swing).

fib retracement to indicate bounce/reversal areas; on those locations new shorts can be opened to continue bear move.

Also made possible elliot wave abc corrective move; who knows if this is correct?
Comment: following perfectly. Only idea is if we will go down more (abc) or we move up more towards top
Trade active: little bouncy but still following
Comment: I'm short from .295
Comment: price moved higher then I expected in abc.
Failing to break .275 would have been the sign that my pattern was not correct in first sight.
Now this looks more like a retest of upper channel.
I will slowly move out of my short trade which is in loss where I can.

Comments

Plz check my share ideas on tradingviwe
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