This price action is really confusing... I was so sure we'd see a triangle in this position, I closed a large short position from 446 so I can reopen it at 455 - and down after 3-3-3 for this wave
Maybe price will go back up to tag 455 or 470, but that 3 days of sideways was getting tired... i'm not sure what to expect from the Sunday trade though...
lady_luck, I've lost count here, but your count seems the most likely to be the one.
emptymind, you've got a good alternate count running for potential upside reversal, yet I am keeping my sights on buying in even lower...
edit: after getting to grips with how Bitfinex works, its proving a bit easier to get funds in and out and to trade long and short with leverage (what they call swap). I'm thinking that now is a good time to start keeping an eye on the long swap rates to reserve a favorable rate for when the time comes to go long. Right now the swap borrowers are all looking to offer swap at high rates going short, but one can reserve swap contracts and just hold them unused until you're ready.
Maybe price will go back up to tag 455 or 470, but that 3 days of sideways was getting tired... i'm not sure what to expect from the Sunday trade though...
lady_luck, I've lost count here, but your count seems the most likely to be the one.
emptymind, you've got a good alternate count running for potential upside reversal, yet I am keeping my sights on buying in even lower...
edit: after getting to grips with how Bitfinex works, its proving a bit easier to get funds in and out and to trade long and short with leverage (what they call swap). I'm thinking that now is a good time to start keeping an eye on the long swap rates to reserve a favorable rate for when the time comes to go long. Right now the swap borrowers are all looking to offer swap at high rates going short, but one can reserve swap contracts and just hold them unused until you're ready.
cryptocurrency everytime