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Oops_I_Charted
4. Apr. 2017 15:46

Stratis STRATBTC - Elliott Wave - one more leg up? Long

Beschreibung

Quick Elliott Wave idea.

There's a triangle forming right now - it might break down a bit from here and form a slightly larger triangle and end up at (4) before the last leg (5), or may break upwards sooner. In any case this should be the last leg before a corrective phase.

Kommentar

Possible double top - I'm out for now. Not quite enough upside to risk it.
Will re-evaluate after the next significant retrace.

Kommentar

Looks like I got faked out & sold too early! But getting out early is better than getting out too late. I didn't see a lot of TA to confidently stay in anyway so I'm happy with the trade. If you stayed in, congrats!

Will be watching for another opportunity.
Kommentare
Yzord
lol, you do know what double top is huh?
Oops_I_Charted
@Yzord, HAHA, yes I do, and that obviously didn't turn out to be one :)

I had only gotten in around 0.000294, and at the time I posted that I saw it starting to pull back after reaching the previous high, and figured I'd take profit since I wasn't super confident about the next target anyway. It was a premature call for sure but I'm okay with where I got out, even though my original idea is looking pretty bang on.

Funny how sometimes the ideas you're the least confident in turn out to be the most accurate...
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