I'm not an EW expert and I only use it to understand HTF direction, so the count could definitely be wrong.
Having said that, there is a good confluence to say the bottom is in or almost there:
- Fibtime
- 1:1 extension for a 5 wave down for C leg (4 is overlaping 1 so this is most likely wrong, but it's crypto...)
- 1:1 extension for ABC
- Horizontal 3D support (ATL breakout retest), 3D supertrend, 1W FMV Gap
Since this is a min 10x setup, invalidation could even be ATL but 50% is quite wide, so I'm starting a small position and will wait for sub-wave 2 of 3 to confirm the direction. I'll cut most of my position at the stop loss but will leave ~25%. This trade also contradicts with my BTC plan for the coming weeks, but I'll never let a 75R trade play without me after a 80%+ retrace.
Bids at:
- 0.2915 (Already filled)
- 0.2520
- 0.2470
- 0.2175
TPs:
Price targets for wave 4 and 5 are not measured, I'll only take profits at htf levels confluent with the dates given on the chart.
Having said that, there is a good confluence to say the bottom is in or almost there:
- Fibtime
- 1:1 extension for a 5 wave down for C leg (4 is overlaping 1 so this is most likely wrong, but it's crypto...)
- 1:1 extension for ABC
- Horizontal 3D support (ATL breakout retest), 3D supertrend, 1W FMV Gap
Since this is a min 10x setup, invalidation could even be ATL but 50% is quite wide, so I'm starting a small position and will wait for sub-wave 2 of 3 to confirm the direction. I'll cut most of my position at the stop loss but will leave ~25%. This trade also contradicts with my BTC plan for the coming weeks, but I'll never let a 75R trade play without me after a 80%+ retrace.
Bids at:
- 0.2915 (Already filled)
- 0.2520
- 0.2470
- 0.2175
TPs:
Price targets for wave 4 and 5 are not measured, I'll only take profits at htf levels confluent with the dates given on the chart.
Comment:
Idea 2 is here if you're interested.
Trade active:
2nd position filled right at the bottom.
Comment:
Rest of the position was filled at 0.2795 (.707 fib + 4h FMV Gap).
Will stop half of the position at breakeven.
Will stop half of the position at breakeven.
Comment:
Up ~30% from average, and 50% from the lowest buys.
If we can clear 0.392, 0.45, 0.62 is likely to come fast
If we can clear 0.392, 0.45, 0.62 is likely to come fast
Comment:
up 60%, but not really liking how SOL and btc.d looks right now. shaving off some profit at 0.4350 (just below pmVWAP) and will consider moving the stop up depending on the reaction
Comment:
reminds me of ATLAS dip from a few weeks ago, let's see how it plays out in the next days.
Comment:
Up 86%.
I've taken 30% profit at 0.4665, will consider buying back partially if it turns support after visiting 0.51-0.55. Else, I'll reload at 0.338.
Up 86%.
I've taken 30% profit at 0.4665, will consider buying back partially if it turns support after visiting 0.51-0.55. Else, I'll reload at 0.338.
Comment:
Reload target hit, bids filled. However, this has happened way faster than I wanted, so I'm a bit suspicious about it. I'll probably manually cut it below 0.28. but all depends on btc.
Trade closed manually:
Closed this position in profit. Leaving the investment bag with sl at breakeven. I don't like how weak SOL ecosystem looks. I can consider getting back in if .338 is reclaimed.