Stellar has been a stellar ride, but sadly all good things must come to an end. Following the previously define fractal I watch for a breakdown and target the red boxes for covering. If it plays out all the way through perhaps there will be a new cycle in 2019.
Trade active
In the process of breaking down. Position is secured.Note
Took some profit here. 4h and 1h RSI are getting very oversold and Bitcoin potentially looking ready for a retrace. Should bounce eventually and then cool off for a bit before it begins its next leg down.Note
Barely nipped the target zone. Bitcoin did end up pulling back, but it had minimal effect on altcoins
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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.