Cryptocurrency Practice #1
Many confluences for this rise -
1. Wave 2 Psychology matches up, vicious sell-off occurred, news during wave 2 was bad and people thought of it as re-testing prior lows, wave 2 volume was lower than wave 1.
2. Weekly bear divergence died down.
3. Bounced off multi-year ATR lows.
4. Nearing CAM S4.
Waiting for confirmations for a bounce around 7k-6k.
Many confluences for this rise -
1. Wave 2 Psychology matches up, vicious sell-off occurred, news during wave 2 was bad and people thought of it as re-testing prior lows, wave 2 volume was lower than wave 1.
2. Weekly bear divergence died down.
3. Bounced off multi-year ATR lows.
4. Nearing CAM S4.
Waiting for confirmations for a bounce around 7k-6k.
Comment:
Extremely close to breaking the long term trendline
Trade closed: target reached
