DYDX/USDT (1D) - Long setup for short term speculation
Hello Traders,
You probably noticed BTC got into Bull market (at least for short term). Which means its better to trade alts because they can raise (also drop) by multiplier x2 or more. = bigger gains (also need to set tight Setup rules and stop-loss in case of trend reversal.
DYDX/USDT reached zone whoch intrerested me. Its quite new coin with no sufficient data to mark "impulsive" ?? wave from 0 to ATH.
Hence its only expectation it formed 5 wave structure (because of retracement below previous lows). Also shape of retracement looks like Falling wedge = wave C. (Too much overlaping and structure of subwaves).
My minimum retracement expectation is 0.238 = Where wave C (Ending diagonal) started = around 9-10.5 usdt. (Chance for 50-60% profit).
During the run I will count subwaves and notify you.
You BTC will continue to area of ATH or higher and continue in Bullrun, this smalcaps could make it to new ATH or higher. (but its pure speculation).
Trade safe, use stop-loss and watch for 4H/1D RSI konvergencies / divergencies ;)
You probably noticed BTC got into Bull market (at least for short term). Which means its better to trade alts because they can raise (also drop) by multiplier x2 or more. = bigger gains (also need to set tight Setup rules and stop-loss in case of trend reversal.
DYDX/USDT reached zone whoch intrerested me. Its quite new coin with no sufficient data to mark "impulsive" ?? wave from 0 to ATH.
Hence its only expectation it formed 5 wave structure (because of retracement below previous lows). Also shape of retracement looks like Falling wedge = wave C. (Too much overlaping and structure of subwaves).
My minimum retracement expectation is 0.238 = Where wave C (Ending diagonal) started = around 9-10.5 usdt. (Chance for 50-60% profit).
During the run I will count subwaves and notify you.
You BTC will continue to area of ATH or higher and continue in Bullrun, this smalcaps could make it to new ATH or higher. (but its pure speculation).
Trade safe, use stop-loss and watch for 4H/1D RSI konvergencies / divergencies ;)