Bounced Off 1.618 Exactly - Great Place To Be Flat
Over night it struck the 1.618 extension of the 3 wave exactly to complete the 5 wave and is now powering back down as the initial leg of the ABC correction, potentially to 18 or so.
I scaled out of my longs yesterday, I am considering just not looking at cryptos at all today because the only trades to look at on an intraday basis are shorting the end of 5th wave, but I don't want to do that since it is so strong against the trend.
Maybe consider taking an early weekend to avoid overtrading here!
I scaled out of my longs yesterday, I am considering just not looking at cryptos at all today because the only trades to look at on an intraday basis are shorting the end of 5th wave, but I don't want to do that since it is so strong against the trend.
Maybe consider taking an early weekend to avoid overtrading here!
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