BTC go down, we have a profit. counter trend
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Good day to all!
BTC drew 5 waves of Elliott and decisively moved down, now he bounced off the control point and we see a divergence of open interest. Recall, globally BTC is directed downwards, but who prevents to go into small countertrend trade. The BTC can show movement only by 5-7 percent, after which it is expected that the movement will continue downward, it is more profitable to enter the altcoyins.
XMR
I completed three corrective waves on Elliott, it is expected to roll back to the control point of 1 or even 2. We observe at once two hidden divergences: RSI & OPEN INTEREST DIVERGENCE. The rebound occurred from the unbalance zone. I went into a long position and put a stop at the level of 208. This is a very short and risky stop, it's more conservative to place behind the unbalance zone at 200
This is countertrend trading and waiting for the breakout of a slow EMA and consolidation is simply no time, the risk-to-profit ratio is about 2. We recommend that when the first goal is achieved, close half the position
We invite you to get acquainted with our magic site and indicators of open interest
Interesting and useful articles are attached below
All profits!
BTC drew 5 waves of Elliott and decisively moved down, now he bounced off the control point and we see a divergence of open interest. Recall, globally BTC is directed downwards, but who prevents to go into small countertrend trade. The BTC can show movement only by 5-7 percent, after which it is expected that the movement will continue downward, it is more profitable to enter the altcoyins.
XMR
I completed three corrective waves on Elliott, it is expected to roll back to the control point of 1 or even 2. We observe at once two hidden divergences: RSI & OPEN INTEREST DIVERGENCE. The rebound occurred from the unbalance zone. I went into a long position and put a stop at the level of 208. This is a very short and risky stop, it's more conservative to place behind the unbalance zone at 200
This is countertrend trading and waiting for the breakout of a slow EMA and consolidation is simply no time, the risk-to-profit ratio is about 2. We recommend that when the first goal is achieved, close half the position
We invite you to get acquainted with our magic site and indicators of open interest
Interesting and useful articles are attached below
All profits!
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from the category of traders, we are perishable as investors, the stop is hidden under the control point (200), we are waiting for a rollback and at the first opportunity we leave with minimal losses, while the trend is directed down, the rollback will probably be already nowthe divergence of the cue ball indicates this
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