Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Operación cerrada: objetivo alcanzado
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. Operación activa
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. Operación activa
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. Operación activa
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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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.