At the end picture is always more clear than at middle of the cycle!
Previous picture looks that cycle is almost finish
But now looks that one more small wave missing before we can say that cycle is really complete!
Level 102 and 111 USDT is the most important now! If broke the 111 than we can say cycle is already finished but if hit 102 level and we will have a nice ABC correction than we can expect one smaller five wave to downside to 70-80!! level!
So if we want to make one short trade now that should be
Sell order at 102,SL 112 TP at minimum 80 bat depends how the wave develops to downside.Exit in fifth wave of Fifth wave.So risk reward ratio is minimum 1:2.2 or higher money management max 2,5%!
If we catch this when we exit from fifth wave we can make a new buy and hold position in long term!For this moment we are waiting for long time!If you are just ETH holder from 110-120 levels or higher than just be patience and don't looking to graphs few more days :-)
In same time we can expect BTC to hit the Magic 3000 level
dropbox.com/s/wd85m54jg3q276x/BTC.jpg?dl=0
I know too many if than in this story but hunting a trend turning points is not so easy and never can be sure because market can go always deeper and higher ,waves can have extensions etc but also i know market is never going in just one way(for many s..t coins sure market go only in one way we should know that also but i think that is not the story for Ethereum and BTC)
Previous picture looks that cycle is almost finish
But now looks that one more small wave missing before we can say that cycle is really complete!
Level 102 and 111 USDT is the most important now! If broke the 111 than we can say cycle is already finished but if hit 102 level and we will have a nice ABC correction than we can expect one smaller five wave to downside to 70-80!! level!
So if we want to make one short trade now that should be
Sell order at 102,SL 112 TP at minimum 80 bat depends how the wave develops to downside.Exit in fifth wave of Fifth wave.So risk reward ratio is minimum 1:2.2 or higher money management max 2,5%!
If we catch this when we exit from fifth wave we can make a new buy and hold position in long term!For this moment we are waiting for long time!If you are just ETH holder from 110-120 levels or higher than just be patience and don't looking to graphs few more days :-)
In same time we can expect BTC to hit the Magic 3000 level
dropbox.com/s/wd85m54jg3q276x/BTC.jpg?dl=0
I know too many if than in this story but hunting a trend turning points is not so easy and never can be sure because market can go always deeper and higher ,waves can have extensions etc but also i know market is never going in just one way(for many s..t coins sure market go only in one way we should know that also but i think that is not the story for Ethereum and BTC)
Note
One more possible scenario in this case sell is at 99 all the rest is same like in above mentioned!dropbox.com/s/xlqh3wzjce6ulh3/Screenshot 2018-12-10 13.03.40.png?dl=0
Note
We hit the D point now let's see our falling wedge pattern works this time or not!
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.