Its no longer in an uptrend. But I still gotta find a good entry for a short.
Its either buy along the dotted line or no buy at all. Hard to make money chasing price i think.
The 0.618 is usually reliable. Exit when IOTA doubles in price from the bottom, or double tops.
Watch ETC fall into the 0.5 and somehow bounce back up. Capture the Fib. Exit the double top.
1. The first Green engulfing usually continues up. 2. Resistance exists ! So throw da moon charts away. 3. 8.7 is really really good to sell into. I'm shorting around there even. 4. F E L I Z N A V I D A D.
Slightly Below S1. HorseyLine. Fomo there darlings. Just for funsies.
There's no denying it, we're in a bear trend now. Wont be too long soon before the market capitulates on Cypto (mainly on ETH, LTC, BCH which are very redundant). That bounce was relief but we're still soooooo far from the bottom of the green channel. That should be bull's priority to buy there.
LTC is in for a lower high or a bull trap. When it gets close short it. It'll make lower lows. Has happened 2 times already. Third time is no different.
Only buying in that little range between 6.2 to 6.6. Need bull divs on RSI to confirm before buying. It's gonna be several days until then before i make the trade.
Still trending down. Buy at bottom of Green Channel.
DGB is garbage. Probably gonna hit zero or go flat forever. Exclusively for funsies.
I'm planning to reshort at whatever the red price is. BTC has 4hr bull divs at this point in time so prepare for good short entries only. I'm not longing tho. I'll long only at bottom of channel.
NOT TA - just for learning how EW works in conjunction with RSI and pivots
I'm charting for a friend. and for my own learning. You can't short Link i think. There's no exchanges that do it. So when market goes down its bear divs not shorting bears. - RSI Is heavy bearish. - 5 wave of elliot completed.
Just testing fib strat for chat pls no hat.
I'm just comparing with what happened before and the possibility that it can happen again. Reason : People do not learn from the past.