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Yes, you can make the case that the 5th is in and we're starting the 2nd wave retracement. I'll bet on the good structure here and the probability that without a meaningful retracement we're still on track for a new high from this impulsive wave. Risk reward of 6-to-1 makes it a reasonable trade. Stop is close by just under the 61.8 and the lower channel. I take this every time. Just me though... how about you...?
tradedevil
Crypto Trading and Education - goo.gl/AUxrWz
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Chart PatternsWave Analysis

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Chart PatternsWave Analysis
tradedevil
Crypto Trading and Education - goo.gl/AUxrWz
Also on:

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.