Entry Short at $ 6,440 Target at $ 3,640 SL at 7,240
CRR=3,5 to 1
Time to short
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Rise within the correction I would find quite good.
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The 61.8% was missed with just under $ 8 and I would therefore considered satisfied. With that, I can point to "ice" again, especially as the Evening Star on Sunday evening gives a nice final image and confirmed the trend change to the south.
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High Risk and against the main trend. Be careful!
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Reduce risk to 1/3.
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Only 19 Like's but 1.040 View's? Bad Relation. I dont like that.
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What do you think about that? My Idea at the moment.
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Ist wave 5 of c of B ready? To early, but possible.
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Good Morning. The red (4) could now be finished and now wait for the first impulse of the red (5) in the chart marked as (i). Trading idea (riskier) at BitStamp current: SL $ 3,550 targeting $ 4,150. TradingIdealIdea: After initial startup of (i) the entry is sought. SL would be today's low, target remains the same with $ .4.150 and SL follow suit quickly.
@StefanBode You right. we are going to 1k though. 80% of alts will die
StefanBode
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@jlhequities, If your Count is correct, think about that wave II normaly goes to the area of wave 4 and that was $ 152,40 in January 2015.
jlhequities
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@StefanBode, yes, however I believe BTC is in fractal of intermediary wave 5 ending on wave 3 which then becomes wave 1 & 2 or the primary https://wave.https://www.tradingview.com/x/x2Y89CMD/
jlhequities
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@StefanBode, the triangles are a fractal and the boxes are a fractal
@StefanBode, I believe also that EW says that when wave 2 and 4 are in-line, 1 & 5 are usually parralel to 2 & 4. but I agree bottom will be between 555 and 1552.
jlhequities
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@StefanBode, I believe this is the crash that kills 80-90% of alt coins
StefanBode
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@jlhequities, like internet bubble ;-) Please press on Green Triangel before Answer-button.
Frohe Weihnachten