This comes at the $313 level which has been on our radar since early September. A break of this level then I think we have a valid EW count that can provide some guidance. Please note this is a very early EW count but this is what I am looking for. Note this is a trade and there is plenty of money to be made once it's confirmed to not get anxious and pull the trigger. Now as I have spoken about before, I am not a buy here sell here stop here kinda guy. There are others that post those trades, it's not me, it's not my system. I rely on HMA's RSI's and resistance support levels during a trade, and I monitor it throughout. But many of you from the messages I receive are coming up with your own method of trading, and using many of these ideas and are finding success! This is critical to becoming a trader, but keep in mind investors still out perform most traders, and for good reason. But regardless, I like this trade setup.
If we do get a signal at $313 (as we already missed the consolidation breakout trade (dammit too busy writing articles)) then I am looking for resistance at the $350 level. Maybe a good point to exit or reduce the trade. Obviously the EW count will change as we move but it's a preliminary guide to what we might see.
As an investor I would probably add more above $315 and look to sell half around the $350-$375 area providing us some coins with an average of around $290! Or even sell off 3/4 the position like we did with LTC' when it had it's big run to 90. Ended up with free coins to add to the long term there ;). That's always the goal.
Anyways I like ETH' and BCH' to challenge BTC' for market share in the long term. So any chance I get I am adding or trying to gain more coins by trading.
For a comparison I found a nice similar pattern in October of 2016 ironically. Now it's not perfect but the trends are the same. So if history repeats we could be in for a nice ride!