SC correction time before next stop at 283

1D chart is very positive. It found support at 196 and starting its grow towards next target at ~280. The coin has a lot of potential and certainly worth buying for both day trading and midterm investment.

At 4H chart SC had all five Elliot waves and currently is losing its impulse. If I had any I would sell now. Perfect pick up zone should be somewhere between 221-226 as it is just above 4H SR zone. I'll put there a small order but hope I will have a chance to watch and trade it myself in real time. Next sequence of Elliot waves will bring SC to 283 at 382 Fibonacci ans SR line. Do you feel the beauty of this mirror play of numbers? =)

Another scenario is when it doesn't fall that much and get stuck in a channel between 230 and 240. It will be clear by stoch RSI indicators

All depends on King Bitcoin mood of cause. Mentioning the King, it is very volatile lately but that is because it is bouncing of global uptrend line and so far so good. On 3D chart it is only starting its uptrend so I feel soon we'll see it growing to 8500 and once it is there 9800 is only a matter of time. I'm not going to cut anything off but 12500 is a 146% target this year ;)

Bình luận:

So far the plan works fine. I've got my buy orders filled in and SL places at 223. Now waiting for the volume to start rising before I buy the second half.

Đã hủy lệnh:

BTC grand fall back to 6600 that day/evening/night (whoever is where) crashed all the plans. Hope everybody used SLs.