My original thesis of a 5 EWT Count starting on January 19th was invalidated once wave 4 dropped below wave 1.
New and improved Thesis! Waiting on what the price decides to do with the Golden pocket, as seen on 1H and 15M charts.
On the 15M chart, if the price breaks above 0.618 (~ 7.267) level with strong volume and is supported by either side or up movement of the BTC price, I'll consider a quick Loong position, targeting:
Long Target 1 = 0.5 Fib (~ 7.479)
Long Target 2 = 0.382 (~ 7.691)
If the price decisively breaks below S1, I'll consider a quick Short position, targeting:
Short Target 1 = ~6.959
Short Target 2 = ~6.691
Looking at current BTC situation, a good Short position is more likely, imo.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
DYDXPERP
DYDXUSDT
New and improved Thesis! Waiting on what the price decides to do with the Golden pocket, as seen on 1H and 15M charts.
On the 15M chart, if the price breaks above 0.618 (~ 7.267) level with strong volume and is supported by either side or up movement of the BTC price, I'll consider a quick Loong position, targeting:
Long Target 1 = 0.5 Fib (~ 7.479)
Long Target 2 = 0.382 (~ 7.691)
If the price decisively breaks below S1, I'll consider a quick Short position, targeting:
Short Target 1 = ~6.959
Short Target 2 = ~6.691
Looking at current BTC situation, a good Short position is more likely, imo.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
DYDXPERPDYDXUSDT註釋
Both Long targets hit, nice!
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