$ADA BTC fifth wave pump 73% gain 1:6 risk/reward
Updated
So we missed yesterday’s pump due to being too conservative with ADA but it’s still not too late to FOMO in =)
I took a look at the previous count and felt it was questionable so I decided to go back to my original count due to the fact that we didn’t have wave failure yet so I’ll call this large corrective wave the 4th wave instead of the 2nd wave retrace of the impulse wave started from the middle of March.
With this count in play, we see the fifth wave terminating somewhere around the 4700 range due to January’s supports. This idea would be invalidated if we break our support at roughly 2425 so our stop need to be around there, perhaps below the .786 retracement. With those items in mind, here’s our trade:
Spread your entries: 0.00002725 down to .00002600
Stop: 0.0002325
Target: Half at 0.00004 and spread the rest up to 0.00004650
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
I took a look at the previous count and felt it was questionable so I decided to go back to my original count due to the fact that we didn’t have wave failure yet so I’ll call this large corrective wave the 4th wave instead of the 2nd wave retrace of the impulse wave started from the middle of March.
With this count in play, we see the fifth wave terminating somewhere around the 4700 range due to January’s supports. This idea would be invalidated if we break our support at roughly 2425 so our stop need to be around there, perhaps below the .786 retracement. With those items in mind, here’s our trade:
Spread your entries: 0.00002725 down to .00002600
Stop: 0.0002325
Target: Half at 0.00004 and spread the rest up to 0.00004650
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Note
Updated trade instructions:Spread your entries: 0.00002675 down to .00002600
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