Crypto Charts 05

Last time we said

‘I would close the current long and look to buy at 29700 , 25920 and 22126 with stops below 16220.’

An impulsive push above 34862 wand a break of the channel will signal the next leg higher is underway. A move below 31017 will imply a larger correction is taking place. But we would use this opportunity to buy with stops below 28860. A break there would we would buy as above .

Last time we said

‘we maybe tracing out a larger wave 4 triangle correction before the next up leg. Look to buy around 1110. We expect new high above 1500 in the coming weeks.’

As you can see from last weeks arrows on the charts we absoultley nailed this crypto trading t down to 1043 before rallying to 1474.82. Currently we are tracing out wave (2) correction and I would buy now (1329) and add at 1256 with stops below last weeks low at 1043.