ETH/USD decision time! **UPDATE**
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and thanks to everyone who has joined so far!
There are 2 lines
1 Red and 1 Green.
red line is the price point where I think a downfall is confirmed. that is because that would be a lower low then wave D
same with the green line. it will be bullish if we break above the green line.
that is based on the highest tip. (Yellow wave 5 on the impulse.)
as for now im leaning bearish on BTC/ETH/EOS/LTC and BCH
the green and red box is a P&L for a position if you take it from the retest of the triangle (RED WAVE 2)
short there and close at the .618 Fib (RED WAVE 5) this will also be GREEN WAVE C. completing a GREEN ABC making the correction complete.
Profit of 10.4% and Loss of 1.11% if this goes the opposite way and goes bullish.
this is the trade I am taking. I think its risk is pretty low but at the same time I do not suggest anyone take these trades based on my calls. These are mainly for eduction for me to gain knowledge using chart patterns and other TA.
I see it as a journal so that I can come back to hard situations like this and see what happened and how it looked before the move. So I will know for the future.
and thanks to everyone who has joined so far!
There are 2 lines
1 Red and 1 Green.
red line is the price point where I think a downfall is confirmed. that is because that would be a lower low then wave D
same with the green line. it will be bullish if we break above the green line.
that is based on the highest tip. (Yellow wave 5 on the impulse.)
as for now im leaning bearish on BTC/ETH/EOS/LTC and BCH
the green and red box is a P&L for a position if you take it from the retest of the triangle (RED WAVE 2)
short there and close at the .618 Fib (RED WAVE 5) this will also be GREEN WAVE C. completing a GREEN ABC making the correction complete.
Profit of 10.4% and Loss of 1.11% if this goes the opposite way and goes bullish.
this is the trade I am taking. I think its risk is pretty low but at the same time I do not suggest anyone take these trades based on my calls. These are mainly for eduction for me to gain knowledge using chart patterns and other TA.
I see it as a journal so that I can come back to hard situations like this and see what happened and how it looked before the move. So I will know for the future.
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