Trying to find a way into the third. We had great subdivision in our corrective wave a, as well as our wave b. However, looking to take a Long position I would like to see our wave c show some more impulse. We could have an ending diagonal,in which case our entry will be on confirmation of our wave 1. Profit taking along the way, but target is our algo fib target -236 (26,000).
For me to consider entry, need to at least see a double bottom of our test of wave a. A break of that support should put us in our ideal buy zone.
Substratum Info, for those so inclined ;-)
coincodex.com/crypto/substratum/
For me to consider entry, need to at least see a double bottom of our test of wave a. A break of that support should put us in our ideal buy zone.
Substratum Info, for those so inclined ;-)
coincodex.com/crypto/substratum/
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One more side note. Take note of volume at the 618 buy. I expected buyers there and the volume is very low. Also take note of corrective b wave volume, and volume within our a wave.
Do not be afraid to miss the first wave, unless you are a breakout buyer. Which I am not. I will wait for pullback always.
Do not be afraid to miss the first wave, unless you are a breakout buyer. Which I am not. I will wait for pullback always.
Trade active
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I have been looking at Substratum throughout the day. And I am liking this trade a little more now. With a tight stop, why not? Possibly our 2 is in (truncated C wave). And almost tested our wave A. Appears we have put in our subwave 1 and 2, and are beginning our second. First target will be our highest probability zone at the 161/175 fib pull. Stop loss is set super tight. Need to see impulse.
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Without the long position clogging the view
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To correct my typo, subwave 1 and 2 possibly in, beginning the 3rd.
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Resistance at Vegas to the tick
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Tested twice. Stop is under 10k. Super tight with this one ;-)
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Biz to attend to. If I'm stopped out by a WXY, guess what... Longmoney waiting for the next entry. See you all tomorrow
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3:1 is low odds. I admit. As low as I go. That was definetly a double tap of the vegas wave. Plus we're not done. Sub can do 25% easy. Which is why I took an attempt at the first. Not over yet
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Technically I put 3.2 approx odds in chart. I take that on a strong coin. A performer. Me. Myself.
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Vegas wave still acting as a ceiling. Possible diagonal, indecision in market. We will see what happens with this impasse. If this count does not hold, expect to see a retest of C and maybe even our A wave one more time. I would like to see lower if possible, but I must go with the flow of the market. May not get the price I desire.
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Damn Vegas Wave people. We are defended though
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Buyers to the tick at 786. Updates tonight
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Better stop could potentially be at the 618. Too much risk for me. Would rather be stopped out and re-enter
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SL not hit yet. Substratum
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Resistance at the 50. And 15min holding. 98100
Trade closed: stop reached:
Waiting for reentry
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I took that stop gracefully people. Stops are a part of the game. Probably the most important one. I see I wasn't the only one wathcing that Golden Pocket at the 618.
Appears we are getting more subdivision in our C, which makes me like this trade even more. Can I get stopped again? Probably. I set tight tight stops--especially when we are at low lows from our highs. Risk/reward is too juicy for me.
Appears we are getting more subdivision in our C, which makes me like this trade even more. Can I get stopped again? Probably. I set tight tight stops--especially when we are at low lows from our highs. Risk/reward is too juicy for me.
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Buy orders filled at 6100. Will not be adding to Sub until I see a close above the Vegas Wave. As this market is still technically correcting.
Buy orders filled at 6100. Will not be adding to Sub until I see a close above the Vegas Wave. As this market is still technically correcting.
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Wait for the trade...
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This is the best looking trade. Although ETH is looking decent was well. But SUB will post higher percent easy
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A new Substratum chart will come next. For now...
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Just eyeing some trades
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Looks like I will be opening a trade very soon. Will post a new Long SUB chart sometime this week.
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Ignore
Many truncated C waves in crypto. As well as many ABCDE's and ABCWXY's. Total mcap down, buyers are impatient, but I'd rather stick to the technicals on this entry.
Alarm has been set for breach of a wave to see reaction. Slightly under 8,000 sats.
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