Hello, I tried to model the wave pattern, the one in the idea seems convincing as it follows the MACD too. We should be towards the end of this correction, RSI is quite oversold on the daily picture and the only question is how long (or how low :) ) before the rebound finally happens. It will happen though. Too dangerous to trade now, we can be taken by surprise by sudden moves up or down. So it is about time to cover the shorts and wear some pants to move up up up!
No recommendations implied, trade at your own risk!
No recommendations implied, trade at your own risk!
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Just played yet another local max/min, increased the BTC position of 1%. Any comment you fellow traders? How do you play this market?
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I don't want to jinx it but it is working fine as expected!! Looking at the RSI, at least some 200€ more to be expected shortly, then we'll see if there will be a short retrace or it keeps going up