Final Move Down to the Bottom to Complete Retracement?
I will not predict price points as too many aspects can play within a market; but I will use Fib Retracement & Extension levels for targeting potential ranges. Consequently, I am more of an "in the moment" type of trader that focuses upon trend direction, while identifying and reacting to signals in front of me. I tend to scalp alt coins to focus on my end goal of earning as much Bitcoin as possible, where I gather information from Wave 1 & 2, then create a scalp strategy on long positions for Wave 3 and 5.
- From the looks of it, I seem to identify a 5/3/5 retracement.
- This could put us currently in the 4th or 5th inner wave of C.
- At this point, I am neutral until more information is available and I'm currently not in any long/short positions.