This is an update to my last plan:
Today's news to effect Market Sentiment:
1) US Congress Hearing on Crypto/ICO's on March 14th was neither bullish nor bearish. Mostly industry insiders educating the politicians.
2) Google bans all Crypto Ads, joining FaceBook. That's to all the scam ICO's, websites are getting weary of any advertising at all.
3) Equity markets look to be resuming decline, taking sentiment to risk-off mode.
Outlook:
Without any good news, we may be LUCKY to see a double bottom.
So my entry points are not automatic, but will be watching closely.
Today's news to effect Market Sentiment:
1) US Congress Hearing on Crypto/ICO's on March 14th was neither bullish nor bearish. Mostly industry insiders educating the politicians.
2) Google bans all Crypto Ads, joining FaceBook. That's to all the scam ICO's, websites are getting weary of any advertising at all.
3) Equity markets look to be resuming decline, taking sentiment to risk-off mode.
Outlook:
Without any good news, we may be LUCKY to see a double bottom.
So my entry points are not automatic, but will be watching closely.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Based on price action since posting, I have re-adjusted some of my chart, although targets look the same:
Wave 3 went slightly lower than original plan, and wave 4 rebounded higher than plan. This might be a GOOD sign. I was expecting a quick end of that wave 5 with shallower retraces, to set up for another leg (12345) down. But if this leg is already more volatile, then the next one down might be less volatile and not as long.
I changed the fib from being just wave 1 to wave 1+3 now, to better measure where wave 5 might end.
But all in all I am still looking for targets close to the original plan. I guess we shall see.