Hello fellow traders! We had a nice ride in crypto market.
My last idea on Ethereum suggested to buy at monthly supply @130$..We're sitting at 166$ right now.. That's a 20-22% gain.
As I look at longer term charts, I'm taking profits and closing majority of my position. We might push a little higher, but that does not mean much on macro view.
Most of the cryptos are still in a downtrend and this might just be lower high..
Right now I'll be patiently waiting to accumulate between 80$ and 40$.. We should bottom out somewhere in that area based on Elliott wave count. Zones are right there on the chart, use it as you wish.
Main interest for me now is $78 & $55.
Have a great day! This is not a financial advise, God bless.
My last idea on Ethereum suggested to buy at monthly supply @130$..We're sitting at 166$ right now.. That's a 20-22% gain.
As I look at longer term charts, I'm taking profits and closing majority of my position. We might push a little higher, but that does not mean much on macro view.
Most of the cryptos are still in a downtrend and this might just be lower high..
Right now I'll be patiently waiting to accumulate between 80$ and 40$.. We should bottom out somewhere in that area based on Elliott wave count. Zones are right there on the chart, use it as you wish.
Main interest for me now is $78 & $55.
Have a great day! This is not a financial advise, God bless.
