TradewithLu

TradewithLu

It looks like we are now making the 5th and final wave. I have set limit buy orders between a range calculated by multiplying the length of wave 1 by 1 and 1.618 and this is my buy zone. The RSI and MACD already look very bullish on the 4-hour chart, so the price may not even reach this zone, but if it does, I will be ready to catch it. ➖➖➖ Action: Set limit buy...

TradewithLu

As shown in my last post, I am long as I hope to ride wave 4 upwards to around $8200. I believe it is highly likely that the price will eventually reach the resistance at around $8200, reverse, and then drop to form the final 5th wave. The profit target is derived by using the fib extension tool to measure the length of wave 1 (on the largest scale) and taking...

TradewithLu

➖➖➖ Action: Buy at market price (I am in at $7842.9) Stop Loss: $7556.8 Take Profit: roughly $8200 (The 0.236 retracement of all (5) waves) Order valid: 2 hours from publication ➖➖➖ Not Financial Advice This 5th wave is extended and is over 1.618* wave (1), so it is a highly risky option to go long now. However, there is a strong signal from RSI and MACD that...

TradewithLu

➖➖➖ Action: Sell at market asap, I got in at 1685 Stop Loss: 1720 Take Profit: between 1605 and 1555 Order valid: 24 hours from publication ➖➖➖ Not Financial Advice

TradewithLu

Waiting for the 5th wave to come down here, there is potential for further down movement through the stop loss but I think that the buying pressure due to the bullish RSI and MACD divergence will hold the price up. The profit target is derived by taking the Fibonacci retracement of all (5) waves and I am only targeting a 0.236 retracement. Best of luck and I am...

TradewithLu

Blue wave (3) was almost 1.618* the length of wave 1, so we could get a wave (5) down next after a bounce for blue wave (4). Because wave (3) was extended, wave (5) is usually the same length as wave (1) or should be at least 0.618 the length of wave (1). As I am expecting a bounce for wave (4) I have set my box of sell orders to trigger my position. Having a...

TradewithLu

➖➖➖ Action: Set limit buys between $8527.5 and $8372 Stop Loss: $8221.6 Take Profit: $8731 Order valid: 1 hour from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: Set limit buys between $8516 and $8372 Stop Loss: $8190.5 Take Profit: $8700 Order valid: 12 hours from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: Sell at market price Stop Loss: $9079.4 Take Profit: between $8693 and $8515 Order valid: 1 hour from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: Set limit buys between $8972 and $8887 Stop Loss: $8725 Take Profit: between $9300 and $9150 Order valid: 2 hours from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: Set limit sells between$9393 and $9289 Stop Loss: $9620 Take Profit: between $9150 and $8950 Order valid: 4 hours from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: Set limit sells between the market price and up to $9629.3 Stop Loss: $10031.9 Take Profit: between $8760 and $8500 Order valid: 4 hours from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: Sell at $9780 Stop Loss: $10039.1 Take Profit: between $9400 and $9200 Order valid: 4 hours from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: Set at $3.67 Stop Loss: $4.036 Take Profit: between $3.122 and $2.699 Order valid: 3 hours from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: Set limit sell orders between $4.137 and $3.971 Stop Loss: $4.349 Take Profit: $3.293 (between the 0.236 and 0.382 retracement) Order valid: 24 hours from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: I set limit sell orders between $10207 and $9974 Stop Loss: $10493 Take Profit: $9510 Order valid: 12 hours from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: I sold at $3.413 Stop Loss: $3.663 Take Profit: between $3.082 and $2.782 Order valid: 2 hours from publication ➖➖➖ Not Financial Advice

TradewithLu

➖➖➖ Action: I sold at $314.6 Stop Loss: $322.362 Take Profit: between $305.377 and $296.042 Order valid: 1 hour from publication ➖➖➖ Not Financial Advice