Very nice chart! You have the impulse to correction to impulse move down labeled perfectly and we agree! We have a short trade opened right now and are updating our stop loss as well as opening a buy stop order at the blue stop loss line in case this is a bear trap. Thanks for the awesome TA!
Nice one. Buy area is around is 3550 Bitfinex price.
TRADiNG_hub
⋅
@babyjungle, yup , Agree
TradingShot
⋅
Very possible. I am looking too buy at 3450 - 3500 also. 1W MA200 is still holding but there is also a clear resistance at 4250, which I believe will work as a rejection point again and again. Most likely the price will consolidate for a few days hence I am looking to buy the dips above the 1W MA200 and target 4100.