Another Monster Counter-Cyclical Trade?
Updated
Will we have another life altering counter-cylical bounce? My dreams have come true with this coin many times before, RSI is bullish again, so a breach to the upside of the ascending wedge may provoke a nice rally :)
Don't forget we need this chart on our side:
As always, I'll be posting long and short trades.
Cheers and GLWT!
-Erik
Don't forget we need this chart on our side:
As always, I'll be posting long and short trades.
Cheers and GLWT!
-Erik
Trade closed: target reached
MIN TP! Cheers! I'm waiting for the next pattern.Note
Another 10%-15% today?Note
RSI is making a sell signal now... a breach below the classic support will trigger selling.Note
Hmmmm...doesnt look good for longs. Let's get ready to short:Watch wave 1 support as its an area of confluence. Watch the EMA along with the trendline. Red box is the target.
Note
Breakout to the upside!Note
Hmmmm, we are technically still in a downtrend with the lower low in the BTC chart and double top in the USD one.Trade active
WAHOOTrade closed: target reached
FLAG TP REACHED! Note
Bounce off the fibo resistance...consolidation time?Note
RSI is making a sell signal now...Note
HIT MID TP! BUT we are going higher with the channel breakout!Note
Careful now...I see three waves in that super bullish channel. We are also kissing the top of the channel in the right chart.Trade closed: target reached
Ok...now consolidation time?Note
Yep, consolidation...Note
Trade active
Bounced off the pivot! You could wait for the BONote
Trade closed: stop reached
Caution, as we are trading below the trend line in the right chart.Note
The USD chart is still bullish, but the BTC chart is now bearish. We hit the fibo extension in the BTC chart, so time for a rebound. This should give us 20-30% in the USD chart to hit the MAX TP.Note
Lets finish this MONSTER TRADE or what?Note
oUFF. At least we hit MIN and MID TP! CHeers! THread closed.
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