For now im playing this setup on SPX closed my short from 278 at 268 and longed at 268 golden zone, as of now i still feel a possibility for SPX to jump to new highs of 3000 before falling off as EW suggest this is the only way to me that i can count the 5th wave in a generally reasonable way, only thing stopping this is an algo which has pulled at the previous...
BCH/USD(BITFINEX) ANALYSIS we have likely just found our support on wave 3 and are going up to around 500-516 area where I will likely be shorting once more with stop below wave 1 lows of around 520 with a target of 78.6 retracement at 460 like I mentioned previously as that is our last zone of support for now , if that does not hold it will be pretty bad for bch...
BCH/BTC(COINBASE) ANALYSIS next off we have bch against btc, its pretty similar to what we have seen in bch/usd , the targets for this retrace are likely around 0.079-0.08 and I will be looking to short with a target of 0.072 and stop at 0.0805 for a nice risk to reward on this setup #batman
ETH/USD(COINBASE/BITMEX) ANALYSIS ( prices are similar and price action too) ETH/USD short bang on hit on 786 for now we should have bottomed temporarily breaking below our lows once again will be a very very bad sign for eth for now I am longing here for a swing with stop at 190 for bitmex/coinbase , a long from here with a minimum target of our previous high...
ETH LONG ENTRY ZONE:197.5-200.5 STOP LOSS: 190 TARGET 1 : 238 TARGET 2 : 278 TARGET 3: 300-400 THIS IS NOT FINANCIAL ADVISE i will update the targets down below in abit good luck bois its a swing
eth should pump to around 204.5 or at most 205.8 and we can have our stop loss at 206.2 with a target of 200 and 197 good luck, this setup has insanely good r:r