Slp followed the trend line beautifull during the bull run.
I miscounted the eliot waves up, expecting a retest of trendline on wave 4, and wave 5 up to 0,06, but trendline broke, meaning the mini wave at 0,01 was wave 1, and the wave to 0,04 was 5th not 3th wave.
Expensive error, as i didnt take profit and had a stop loss under the trendline. But we live another day, and we get a chance to enter back in later.
So, new plan. Trend broke, this means Big ABC correction. You can already see the inner 5 wave down, 3 Wave up (today), 5 wave down coming.
61fib level is around 0,021, its also an area where there was lots of action before. Thats my golden pocket.
Wave A : 0,04 - 0,024
Wave B : 0,024 - 0,028
Wave C : 0,028 - 0,022
Dca back in under 0,022 for a nice new 5 wave bulrun to 0,060. So potential new 3x move, be greathfull, use stoploss under 0,015, local resistance up to 0,06 are shown in graph. 1:8 ratio. Hope i can ride the full length this time. Way easyer now with clear elioth wave path.
Round numbers where always resistances, so it will be the same. Ecpect some resistance at 0,04 0,05 0,06.
Like, hate, shet, whatever you want, as long as it makes you happy i dont mind (care)
I miscounted the eliot waves up, expecting a retest of trendline on wave 4, and wave 5 up to 0,06, but trendline broke, meaning the mini wave at 0,01 was wave 1, and the wave to 0,04 was 5th not 3th wave.
Expensive error, as i didnt take profit and had a stop loss under the trendline. But we live another day, and we get a chance to enter back in later.
So, new plan. Trend broke, this means Big ABC correction. You can already see the inner 5 wave down, 3 Wave up (today), 5 wave down coming.
61fib level is around 0,021, its also an area where there was lots of action before. Thats my golden pocket.
Wave A : 0,04 - 0,024
Wave B : 0,024 - 0,028
Wave C : 0,028 - 0,022
Dca back in under 0,022 for a nice new 5 wave bulrun to 0,060. So potential new 3x move, be greathfull, use stoploss under 0,015, local resistance up to 0,06 are shown in graph. 1:8 ratio. Hope i can ride the full length this time. Way easyer now with clear elioth wave path.
Round numbers where always resistances, so it will be the same. Ecpect some resistance at 0,04 0,05 0,06.
Like, hate, shet, whatever you want, as long as it makes you happy i dont mind (care)
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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.