ETC surfin' the waves [Market Geometry/EW]
Updated
ETCUSDT completed it's 3rd wave and now on it’s 4th wave can expect a retrace to the Buy Zone (resistance turned support/50% retracement); afterwards the 5th wave will begin and should rise to 1 of the 3 take profit zones; Safe traders can set their sells to first take profit zone for a quick position and riskier traders can watch it closely for closes above the take profit zones indicating an extended 5th wave. BTCUSDT should settle down today (7/13/2017) and continue upwards for a bit coinciding with the 4th wave end and 5th wave beginning.
Buy: 14.87USDT-16.5USDT
Sell/Take profit: 18.2USDT/20.00USDT (Emotional price level)/21.5USDT
Stop/Loss: 14.68USDT/15.48USDT
Timeframe: Approximately 2 days
Side note: In reference to the ETCUSDT chart posted yesterday, that chart comes into effect once this wave cycle is complete (12345-ABC)
Buy: 14.87USDT-16.5USDT
Sell/Take profit: 18.2USDT/20.00USDT (Emotional price level)/21.5USDT
Stop/Loss: 14.68USDT/15.48USDT
Timeframe: Approximately 2 days
Side note: In reference to the ETCUSDT chart posted yesterday, that chart comes into effect once this wave cycle is complete (12345-ABC)
Trade active
Still surfin' the waves with a brew in one hand and a cohiba in the other.Trade active
Open long position if you haven't already; we're goin' to the sky.Trade active
If you missed chance to buy, lowest is 15.1USDT Trade active
Imo Bitcoin is very volatile it's best to wait until we find support.Note
also we retested 15.8, but retraced afterward.Note
Set sell to $15.2Trade closed manually
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.