WANBTC: Let us capitalize on this before its too late.June -3 WANBTC was rejected and since then its been freefalling.
WANBTC has lost 50% of it's value and selling for lower than its market entry price.
AS the Related chart shows: The Retracement period looks to be finish.
Entry - Two days ago. Now, going long on WANBTC.
What the chart shows:
When the cloud is below WANBTC, we are in a bullish scenario.
When the cloud is above WANBTC, we are a bearish scenario.
Currently the cloud is above and is showing bearish market.
Swing Traders:
Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.
Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
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Happy trading People...
