24h lookout, elaborated this time, and based on my spartan cyclic fractal strategy.
The red cycle (blue=mid-cycle of former) has been valid for 24 days already, since the drop from $620, and I expect it to get broken today.
Price just plummeted at the downtrend cycle (i.e. it launched a new trend impulse), confirming that the trend is still intact and going even longer. Next point to take profits is either the upcoming blue cycle or any given target.
My orders are spread accross this zone:
2770 CNY ~ $460 (Bitstamp)
2680 CNY ~ $440
The red cycle (blue=mid-cycle of former) has been valid for 24 days already, since the drop from $620, and I expect it to get broken today.
Price just plummeted at the downtrend cycle (i.e. it launched a new trend impulse), confirming that the trend is still intact and going even longer. Next point to take profits is either the upcoming blue cycle or any given target.
My orders are spread accross this zone:
2770 CNY ~ $460 (Bitstamp)
2680 CNY ~ $440