I'd be very careful about entering right now. I entered earlier too but the last drop is related to the tether incident which means some news could have a major impact on the price action.
CV_PoloVita
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@MarkusLaubenthal, See the thing about that is I said enter now, whereas you entered earlier. Earlier was a bad time to enter. Now is a good time to enter.
You need a keen sense of chronology for some things. This is one of them
MarkusLaubenthal
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@CV_PoloVita, Don't get me wrong here. When I said I entered "earlier", I meant like 30-60 minutes ago. And yes it was indeed a good entry point. I fully confirm that, regarding the price action.
Plus I just said "to be careful". What that means is: set your stop loss. Not "Don't enter"
Bye and cya
CV_PoloVita
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@MarkusLaubenthal, I'd also like to elucidate that I absolutely will never take advice from someone who claims a textbook .382 retracement within an ascending triangle was 'caused by news'.
@CV_PoloVita, he that controls the news paints the tape, that being said I am 60% long XML and happy to take the loss if I don't like how the paint job progresses
MarkusLaubenthal
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@CV_PoloVita, I said the news could have an impact [in future]. I didnt say it had an impact.
MarkusLaubenthal
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@MarkusLaubenthal, I just read my comment there. I indeed said the drop was caused by news. I meant the bitcoin drop here. My bad.