BTSBTC Elliot Wave 5 ready to go
Updated
The support held and confirmed the 4th wave completion (corrective wave).
Because we had an extended 3rd wave, the text book says that the 5th wave will equal in length the first wave.
This gives us a target of 5100 which is also a past resistance.
Trade active from 4100:
Stoploss- a close blow the channel support line
Because we had an extended 3rd wave, the text book says that the 5th wave will equal in length the first wave.
This gives us a target of 5100 which is also a past resistance.
Trade active from 4100:
Stoploss- a close blow the channel support line
Trade active
Trade closed manually
Trade closed because of the BTC mood swings. Looking to reopen when BTC calms downTrade active
Giving it another shot. The wave principle still applies. The 4th wave came close to the 1st but it didn't touch so no rule is broken.
Order cancelled
Comment
Wave 5 failed, opened a short.Comment
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