Follow up idea to find targets for related idea (Trade entry: breakout of red trendline):
My view of the current price action is that we are in wave 3 of wave 5 of the uptrend.
Usually wave 5 extends wave 3 but in some cases its truncated and the rally ends earlier.
So the very bullish case here is a new all time high near 0.04 with a cup and handle before.
BUT there is the possibilty that wave 5 is truncated and not making a new high then we might looking for a target near the fib levels.
My view of the current price action is that we are in wave 3 of wave 5 of the uptrend.
Usually wave 5 extends wave 3 but in some cases its truncated and the rally ends earlier.
So the very bullish case here is a new all time high near 0.04 with a cup and handle before.
BUT there is the possibilty that wave 5 is truncated and not making a new high then we might looking for a target near the fib levels.
Комментарий:
20*4h consolidation bars about to expire soon
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kraken adds xmr to its exchange
blog.kraken.com/post...nches-monero-trading
blog.kraken.com/post...nches-monero-trading
Комментарий:
next events to watch:
2017-01-06: Fluffy talking at Coinbase
2017-01-09: Hardfork for ring confidential transactions
both dates start with a fresh 3day candle opening, which is my favorite timeframe for monero. (check 3day chart with ma20/bb20)
2017-01-06: Fluffy talking at Coinbase
2017-01-09: Hardfork for ring confidential transactions
both dates start with a fresh 3day candle opening, which is my favorite timeframe for monero. (check 3day chart with ma20/bb20)
Комментарий:
increasing position here 0.0152
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scaling out a bit, take partial profits to have ammo for potential etc rally
Комментарий:
ABC with adjusted wave count vs Wave 5,
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ltc and etc stealing the show, secure positions in case of people swaping xmr to other coins
Сделка закрыта: достигнута тейк-профит цена:
sideline here, gl everybody
