Five could extend to 2.618 because cryptos seem to like that.
Profit targets: laddering out towards my projected wave 3 target, laddering back in on the handle; even if that ends up at a higher price when wave 3 unexpectetly extends.
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Mewn
Trade stängt: målet nått
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Trade closed here, however do not short boys! It's a bull market. Wait for it to retrace and long.
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Little update, yesterday I, in fact, did short omg, however as a quick scalp when BTC went up.
Today Omg is looking at either a possible outbreak or five waves lasting correction downwards. Despite the fact that I previously said not to short omg, right now it is looking like a good one to me.The resistance is horizontal and therefore easy to short and cover on a confirmed breakout.
I will not switch to a long on the breakout, for that, I will wait for it to retest the breakout. Two short levels here, one quick scalp the other hopefully the trade of the day.
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Looks like rejection to me. if you were quick those were two spikes up and down of 60 cents profit!!
Stop to break-even. Hence, entry.
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Updating the short play in a new chart, to avoid too much mess.
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What a mess, I did not deserve a single penny of profit there. Artificial pump through API.
Let's see what happens when things calm down. Maybe we see it retesting 15USD, or it just shoots straight to 22USD, momentum is here now, that's for sure.
Trade stängt: målet nått
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It did come back to 15 USD, so congrats if you added there:)