Short

8.4k triangle, wave 5 down coming

Updated

Dear followers,
I was waiting for a abc correction up to come, but we are now in a big triangle.
The triangle itsself IS correctional in nature, so now I am shortfrom 8585 (SL 8665), because I expect a wave 5 incoming

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Zoomed out

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Zoomed out further:
Falling to bottom of bigger channel:

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Updated 15m chart, new downtrend channel from 1h chart worked in
tradingview.com/chart/vMR9q0lF/

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Sorry, images f*** up

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Updated 1h chart

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Triangle invalidated, trade manually closed
Expecting abc or xyz, the 8.8/8.9 of former idea

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Target reached for me
Closed my BTC long
opened ETH short at 739

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Additional target possible: 8795

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Closed half of the short 730.
If the 1.382 extension at 8800 is tested watch RSI, volume and price. If a higher price is made at 8795+ with lower RSI and at lower volume than before I'l reshort with a bigger amount.

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ETh topping out

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BTC wedging

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So 8750 was the top:

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Watch for potential double bottom

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Now retrace 8290-> 8450, then test 8200

nighty2k7

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