Corrective wave sequence appears to have completed at the 0.618 Fibonacci level, and new impulse wave sequence beginning. To match the previous move would put it at 0.207 BTC, but could reach as high as 0.262 BTC. Set stop loss below 0.618 Fibonacci level and leave it there until wave 2 is completed, then trail stop below strong support levels. If wave 2 ends below wave 1, the pattern is invalidated. Bitcoin volatility will affect ETH volatility so don't make stops too tight.
註釋
Corrective Wave C appears to be completed because it matches Wave A in length and price appears to be rising but a more cautious approach would be to wait for Wave 1 to complete and look for the bottom of Wave 2 to enter.I determined profit targets using Fibonacci extensions and then using Elliott Waves and common ratios for them, tried to work backwards and figure out what the waves might look like. ETH/BTC tends to stay closer to the lower boundary trend line, so a big jump for Wave 1 or 3 seems less likely.
交易結束:達到停損點
Not sure what happened, but ETH had a big drop for a few minutes and stopped me out. The good news is BTC is going up nicely, so it's hard to be too upset about it.免責聲明
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免責聲明
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