AlexCH
Long

PowerLedger - Counting Waves

BITTREX:POWRBTC   PowerLedger / Bitcoin
- All boxes mark corrective patterns.
--> Red boxes are correction of primary
--> Yellow boxes are correction of cycle
*I labelled the degree of corrections next to each box.

Short/medium targets would be wave 1-2 fib ext. of the cycle.

Stoploss: if we go below the assumed finished correction of the first subwave wave of the third cycle. (ie, the red box on the very right)
Giving us an absurd risk/reward ratio of 14!

I will take the trade.

AL.
Kommentar: im just gonna close this with btc doing its thing
that would be nice
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thanks can you mention entry & targests?
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AlexCH umairceo
@umairceo, mofo do you read
+4 Antworten
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