Dear followers,
I was waiting for a abc correction up to come, but we are now in a big triangle.
The triangle itsself IS correctional in nature, so now I am shortfrom 8585 (SL 8665), because I expect a wave 5 incoming
I was waiting for a abc correction up to come, but we are now in a big triangle.
The triangle itsself IS correctional in nature, so now I am shortfrom 8585 (SL 8665), because I expect a wave 5 incoming
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Zoomed out
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Zoomed out further:
Falling to bottom of bigger channel:
Falling to bottom of bigger channel:
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Updated 15m chart, new downtrend channel from 1h chart worked in
www.tradingview.com/chart/vMR9q0lF/
www.tradingview.com/chart/vMR9q0lF/
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Sorry, images f*** up
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Updated 1h chart
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Triangle invalidated, trade manually closed
Expecting abc or xyz, the 8.8/8.9 of former idea
Expecting abc or xyz, the 8.8/8.9 of former idea
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Target reached for me
Closed my BTC long
opened ETH short at 739
Closed my BTC long
opened ETH short at 739
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Additional target possible: 8795
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Closed half of the short 730.
If the 1.382 extension at 8800 is tested watch RSI, volume and price. If a higher price is made at 8795+ with lower RSI and at lower volume than before I'l reshort with a bigger amount.
If the 1.382 extension at 8800 is tested watch RSI, volume and price. If a higher price is made at 8795+ with lower RSI and at lower volume than before I'l reshort with a bigger amount.
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ETh topping out
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BTC wedging
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So 8750 was the top:
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Watch for potential double bottom
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Now retrace 8290-> 8450, then test 8200