Follow up idea to find targets for related idea (Trade entry: breakout of red trendline):
My view of the current price action is that we are in wave 3 of wave 5 of the uptrend.
Usually wave 5 extends wave 3 but in some cases its truncated and the rally ends earlier.
So the very bullish case here is a new all time high near 0.04 with a cup and handle before.
BUT there is the possibilty that wave 5 is truncated and not making a new high then we might looking for a target near the fib levels.
My view of the current price action is that we are in wave 3 of wave 5 of the uptrend.
Usually wave 5 extends wave 3 but in some cases its truncated and the rally ends earlier.
So the very bullish case here is a new all time high near 0.04 with a cup and handle before.
BUT there is the possibilty that wave 5 is truncated and not making a new high then we might looking for a target near the fib levels.
ノート
20*4h consolidation bars about to expire soon ノート
kraken adds xmr to its exchange blog.kraken.com/post/155126375697/kraken-launches-monero-trading
ノート
next events to watch:2017-01-06: Fluffy talking at Coinbase
2017-01-09: Hardfork for ring confidential transactions
both dates start with a fresh 3day candle opening, which is my favorite timeframe for monero. (check 3day chart with ma20/bb20)
ノート
increasing position here 0.0152ノート
scaling out a bit, take partial profits to have ammo for potential etc rallyノート
ABC with adjusted wave count vs Wave 5, ノート
ltc and etc stealing the show, secure positions in case of people swaping xmr to other coinsトレード終了: 利益確定目標に到達
sideline here, gl everybody
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