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.
Kommentera:
20*4h consolidation bars about to expire soon
Kommentera:
kraken adds xmr to its exchange
blog.kraken.com/post...nches-monero-trading
blog.kraken.com/post...nches-monero-trading
Kommentera:
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)
Kommentera:
increasing position here 0.0152
Kommentera:
scaling out a bit, take partial profits to have ammo for potential etc rally
Kommentera:
ABC with adjusted wave count vs Wave 5,
Kommentera:
ltc and etc stealing the show, secure positions in case of people swaping xmr to other coins
Trade stängt: målet nått:
sideline here, gl everybody
