We see a H&S // Double top... We are in wave Y of the finally wave down, short term.
Comment:
Still Stands... I'm surprised it's taking this long :/ On the 1 hour and 2 hour there is a hidden bearish divergence on the RSI soo...
Honestly though it could reverse trend anytime... I know nothing ;)
Honestly though it could reverse trend anytime... I know nothing ;)
Trade active:
Yay! We hit our first target!
I meant to update waaayy before but got busy... made a nice 25% trading margin ;)
The Next target is the 1.618 fib level... above 0.00098BTC
I was going to add a image but found out you can't :/ wish they would add a feature for that, anyways I believe we are currently on sub wave 3 of the fifth wave of wave Y. that means we will probably go to around the 0.00099BTC first then a 4th wave correction and then down to the 0.00098BTC level... After that ---> TO THE MOON WITH EOS--- Seriously... we don't know for sure but this is probably the bottom and we will break out of the falling wedge we've been in forever... This is the reason for the dying Volatility we've been seeing... and why this trade is taking 5 days instead of 1.
Wow that went off on a tangent, thanks for reading this I'm just starting out trading and thought practicing with sharing ideas would help improve me ;)
Of course SHORTING EOS while it is very much near the bottom and about to explode is dangerous only take this trade if day-ish trading :) and be ready for the reversal anytime... TRADE AT YOUR OWN RISK!!!
I meant to update waaayy before but got busy... made a nice 25% trading margin ;)
The Next target is the 1.618 fib level... above 0.00098BTC
I was going to add a image but found out you can't :/ wish they would add a feature for that, anyways I believe we are currently on sub wave 3 of the fifth wave of wave Y. that means we will probably go to around the 0.00099BTC first then a 4th wave correction and then down to the 0.00098BTC level... After that ---> TO THE MOON WITH EOS--- Seriously... we don't know for sure but this is probably the bottom and we will break out of the falling wedge we've been in forever... This is the reason for the dying Volatility we've been seeing... and why this trade is taking 5 days instead of 1.
Wow that went off on a tangent, thanks for reading this I'm just starting out trading and thought practicing with sharing ideas would help improve me ;)
Of course SHORTING EOS while it is very much near the bottom and about to explode is dangerous only take this trade if day-ish trading :) and be ready for the reversal anytime... TRADE AT YOUR OWN RISK!!!
Trade closed: target reached:
Reached Long term buying area. From 0.00097 - 0.00092
The Target above is at minimum... We could go to the 1.618 fib level, back down below 0.001BTC