Ah well, looks like I stuffed up my lower level wave count and paid a price. Once the momentum that you obviously saw coming pushed it through my target high and broke the pattern , I pulled the plug on the short .
Re-evaluating the wave analysis ( using a log scale this time ) with the benefit of the current move , it all lines up for a bigger retrace than I was looking earlier, once the currrent FOMO is exhausted . The ETH wave count looks cleaner ( easier to see the waves ) than BTC so I'm looking to short it instead at around $312 for a retrace to $225ish . Will have to watch it like an owl though . Crypto FOMO is way beyond rational ...
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- Afternoon trading June 21
Ah well, looks like I stuffed up my lower level wave count and...
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