If you were waiting for an "optimal entry" and were dumb enough to miss the last round; amazingly we're getting a second look. I would expect to see a push lower, (hopefully) to the $15 range but with indies bottomed and embedded it could get crazy with a panic spike low. It's worth noting that SCMR is still printing red trend candles. Typically stops would be placed somewhere south of X, or under the $12 zone. See previous published chart for more detail on the Cypher advanced pattern. Cheers!
TLDR:
Traditional targets :
Target 1 : 0.382 retracement of CD leg
Target 2 : 0.618 retracement of CD leg
TLDR:
Traditional targets :
Target 1 : 0.382 retracement of CD leg
Target 2 : 0.618 retracement of CD leg
Trade active:
Still early on but doesn't look like we're going to get any panic spike lows and price has rallied hard off our trade entry. All engines ahead full!
Comment:
PANIC SPIKES AFTER ALL!! :D The push wasn't sustained and we pulled back just in time for the Binance API hijack FUD to tank the markets down the line. I'll be adding more as we go lower.
Comment:
Trade closed: stop reached:
The trade as described above was stopped out if you wen't wild and placed stops under X. I can't say that I'm upset, I didn't think I'd get prices this low again. Lose==win all-in-all, however this trade was officially a bust.
