Sylvester_Turner

Sylvester_Turner

I'm seeing a Descending Broadening Wedge on BINANCE:BTCUSDT Let me explain what I'm seeing: A: Top of the wedge. If B holds, this will be first take profit target for long. B: Bottom of the wedge. Decision point and first take profit target for short. If the bottom trend line gets broken (opening/closing a H4 candle below) it means this pattern has failed and...

Sylvester_Turner Updated 

Hidden Bearish Divergence signals for a continuation of our current trend. Expecting more lower highs for both BITFINEX:ETHUSD and BITFINEX:BTCUSD Currently already in short positions. Good luck and be safe :) Disclaimer: This is not financial advice. Your capital is your own responsibility. I am not responsible for your losses.

Sylvester_Turner Updated 

Correction wave looks complete. I've been laddering shorts in the red box. Waiting for next impulse wave down. Take profit target (green box) for Wave 3 is 1.618 from Wave 1 (5 count) at around $80. Will shed around 25% of the position there. Count will be invalidated if we close a 4H candle above the yellow line. It will serve as a soft stop-loss. Good luck...