Caveat: Due to the seasonal bearishness of alts, this could be the mother of all bull traps. Proceed with caution.
That said, after a textbook elliot wave bull run forming the back half of the cup, we've seen a beautiful handle appear. I would avoid early position in order to reduce exposure to possible downside. If we have an upside break, there will be plenty of room to position after confirmed movement.
Good luck to everyone in this trade!
-Alamo
That said, after a textbook elliot wave bull run forming the back half of the cup, we've seen a beautiful handle appear. I would avoid early position in order to reduce exposure to possible downside. If we have an upside break, there will be plenty of room to position after confirmed movement.
Good luck to everyone in this trade!
-Alamo
Trade active:
This is healthy, just a slow and steady up leading to the first wave. If you got in with me @ .075 you're already looking great. If we continue to gain like this, the pump could ultimately put us in the .09x region. HODL!
Trade active:
Chart still looks healthy as approach our breakout zone. Those in profit continue to move your stop loss with your gain to ensure a green exit. Those waiting on breakout, watch closely.
Trade closed manually:
It appears as though BTC will take ETH down with it this time, I am exiting this trade.