price_surfer

price_surfer Updated 

A previous high is now acting as support for SHIB. Looking to go long with a stop blow the cluster of lows under current price. A move to the new highs over 1:5 risk reward

price_surfer

If we examine the price action after BTC broken above the 20K high set in 2017, we can see a five wave count up to 62K and now we may be working on an ABC correction wave. My long-term view is bullish but for now I am watching price action and waiting to add to my position at lower price levels.

price_surfer Updated 

The S&P 500 has dipped to a potential support area. Intra-day charts show some signs of support holding. With a stop below the support area we need price to reach the previous highs for a 1:2 risk/reward ratio.