Be careful with WTC - don't buy the ATH

2018年1月27日

WTC has so many bearish signals right now I don't even know where to begin.

• Volume divergence. WTC is rising on decreasing volume.
  
• RSI divergence. WTC rising despite weakening RSI.
  
• MACD divergence. WTC rising despite weakening RSI.
  

Then there's the elliot wave analysis, which pretty clearly shows a retrace must be imminent.

Even if you dont believe ANY of that, simple trendline analysis shows that a return to the lower trendline will occur at some point.

If you're buying this... stop.

2018年1月27日

註釋

Whoops, that should say ABC retrace, not 4 wave.. obviously :)

2018年1月28日

註釋

Well that certainly didn't take as long as I expected... I thought it might float sideways or continue up for abit before actually collapsing.

Either way, hope everyone got out in time!

2018年1月29日

註釋

Even on the big news that WTC had today it still didn't generate much volume and didn't even match its previous high (unless something changes). Just another bear sign.

2018年1月30日

註釋

Continuing like clockwork. Traders should look to rebuy WTC around the 25K mark for the next leg up.

2018年2月7日

交易結束：目標達成

Pattern complete!

Now you can look to go long again, especially since a somewhat inverted H&S is forming. WTC is worth keeping an eye on for sure