well, last week was hot! many unexpected things happened.

first I posted a trade position with 1 to 3 (roughly) risk to reward ratio, which ended in a massive hype and could profit 200$ more on each bitcoin.
My position closed positive but as I said I underestimated the up potential.

well, is this natural? I don't know! but technically, we have witnessed the completion of Elliot Wave 4.

Yep! so this means I believe:

Bitcoin will drop soon!

this is probably to happen after a short term sideways, so my strategy is to stay aside from trading for a while.

the 55 ema and 200 weekly sma are my indicators to watch.

STEEM

Steem had a good move to above 0.0001 against BTC but it failed in a lower level now.

I need two say two things:

1. I don't care about STEEMUSD rate for a while, as I don't ever think about sell anything at such rates like 29 USCents! I prefer to hold my tokens for ever!!
2. we need to focus on these levels, for STEEMBTC:

• 0.00007 as the main support level
• 0.00011 as the main resistance level
• 0.0002 my target

and the lovly Ethereum;

ETH

The most fundamentally right crypto ever! in my opinion is witnessing its bad days.
below 95 USD I have no doubt to buy and HODL this crypto.

I am also watching Stellar and TRON closely. I still don't find anything interesting in XRP, maybe you can change my mind? 😉