Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Trade fechado: objetivo atingido
5th wave target has been reached. we should see a minor correction before resuming unless elon presses buy lolanything goes in crypto ¯\_( ' '/)_/¯
Nota
Update: Wave count is wrong on the chart above. 1st wave is longer than the 3rd on the sub cycle. I am still trying to predict a "correct" timing although crypto is moving pretty fast right now. Trade ativo
Sand has moved into the price territory of the 5th wave in the above chart sooner than my prediction and it should be due for a pullback or correction soon. On the updated chart below, a 50% retracement is my prediction before resuming an uptrend. It would also bounce at the 200 ema, but this is crypto so anything goes. Nota
A correction will look something like this white line. Trade ativo
Update: I've changed the ABC correction to a WXYXZ since the wick pretty much touched the retracement levels on the chart above. The WXYXZ retracement is a bit lower than the wick and if BTC drops, we might even go a bit lower to the .382 @2.9$ target. Either we bounce from here or one/two more leg down. It will depend on BTC. Trade ativo
Welp boiz, it looks like we got a correction following the white line. We might have one more leg down, depending on btc's movement so either the ABC retracement is completed or we're working on a WXYXZ. IMO buying here is good, no one can time the bottom perfectly; if you were willing to buy at $5-8 then buying at $2-3 shouldn't matter. Fuck yo bragging rights lol. This is not financial advice.
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.