ARKBTC Breakout Trade for 3rd wave Implusive
Updated
TA:
-3rd wave valid as it break previous high
- Leading diagonal for the first wave as I still unconfirm till it break the high
- 50% retracement of wave 1
FA:
-nil
TP:
-1.272 extension first conservative target
-May break the resistant reach higher target 2.0 extension
-Need more data/wave to estimate the target
Conclusion:
-Good RR trade, Keep for POS in wallet for passive income
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve it!
Follow and share if you like my work.
Looking for accountability partner in the trading journey and grow as professional trader.
-3rd wave valid as it break previous high
- Leading diagonal for the first wave as I still unconfirm till it break the high
- 50% retracement of wave 1
FA:
-nil
TP:
-1.272 extension first conservative target
-May break the resistant reach higher target 2.0 extension
-Need more data/wave to estimate the target
Conclusion:
-Good RR trade, Keep for POS in wallet for passive income
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve it!
Follow and share if you like my work.
Looking for accountability partner in the trading journey and grow as professional trader.
Trade active
Game Plan:A: 50% to keep in wallet for stacking (passive) income and 50% accolocation to trade in and out to increase my stack.
B: Investor will suggest to hold in wallet till previous high to finish 1st wave in the meanwhile increase your stack.
Take note that to reach previous high from current level is 68% gain
Trade closed manually
I decided to close the trade because it may just finish 1st implusive wave and major correction may intake. Stay away and protect your BTC.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.