Cheer up everyone

16 nov. 2018

I am sure that all of you are already aware that we are not in a good situation.
Here are my wave counting and trading setups for Bitfinex 1D.


This is how I interpretted the whole structure in a bigger frame.
I have never expected to encounter this green long-term log trend-line this early.


As many of you know, 0.786 retracement level is Bitcoin's flavor of the year.
It's about $4370(Bitfinex) and for the worst case, we might get there pretty soon.
Those of you with aggressive trading style seeking for the life-time best region of long entry,
always keep in mind that stop loss strategy is crucial.
Conservative traders should be more patient and could enter when the market is more stabilized.

16 nov. 2018

Note

Sorry. This is what I was intending to post for the main chart.