I believe the current bounce is just that, a bounce and probably not a trend change. The waves (i),(ii),(iii) are in with wave (iii) subdividing nicely 1,2,3,4,5. That means the current bounce is wave (iv) and once it is complete, another lower low with wave (v) is expected. The bottom of this wave (v) will mark the a (red) wave which will be followed by a sizable bounce for the b (red) wave.
So, is it worth a trade to catch the b (red) wave up? Why not? It could be very profitable! I'll keep posting updates and alert all for that trade potential.
So, wave (v) of 5 of III are in and the top has been placed. We are now well into the correction towards Wave IV.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.