So yesterday at the market open, my limit buy order on $SPOT (long) triggered on the breakout, buy price at $184.34. RSI in bullish zone & shows higher lows on the bigger price dips. Open target, exit when trend is broken. Stop for now at $178.22.
Went long on $PYPL before the closing bell at $85.88. Closed at a new daily high and also slightly broke out of the uptrending channel.
Trailing stop: $0.80.
Target around $87.66, but trailing stop decides.
30 min candles show $WB is climbing out of a falling wedge, RSI forms an ascending triangle, RSI lows climbing out of oversold zone. Just got a long position - getting out when it breaks to the downside or scaling out on any big pump to the upside.
Both in the chart and in the RSI we've got a falling wedge which are now both leaning on an old resistance level , so it should be a firm support right now. Also, a critical fibonacci level is reached in the fourth elliot wave (which i haven't drawn down because it would become a messy chart). I'm hoping for a bounce to the .618 fibonacci extension - starting...
Both in the chart and in the RSI we've got a falling wedge which are now both leaning on an old resistance level, so it should be a firm support right now. Also, a critical fibonacci level is reached in the fourth elliot wave (which i haven't drawn down because it would become a messy chart). I'm hoping for a bounce to the .618 fibonacci extension - starting...
If price falls below support & 50 moving average i'm out. Not a big correction after completion of the 5 waves (so far). Let's see if it holds these supports and if it breaks out of this consolidation, or if it wants to fill the gap making a bigger correction.
I'm not sure but maybe wave 3 is not really a wave, which could mean wave 5 is yet to come. Don't think...
Stop loss below support of RSI and/or below uptrendline. Waiting for wave 5 to finish or to end below target. Sell zone spread from 5800-6000. Entry was around 5000 sats. Should've seen this chart earlier, then i would've seen the RSI resistance breakout where i would've entered right at the start of all 5 waves.
I believe my mistake is that wave 3 is never the...
