According to the additional data that the chart has given us and the examination of the BIGTIME waves, it seems that this symbol has completed a major A wave that lasted 167 days.
Now if we don't have wave X, this symbol should enter a correction of at least 167 days. Wave B is expected to last until September 9 and then turn bullish again for Wave C.
The green...
As you can see in the chart, BIGTIME had significant correction (-67%) and it hit it's support line at around 0.3 multiple times.
With such a large correction -67%, we can expect some bounce back to recover the price.
As it is currently consolidating around the support line, it can take few days to bounce back.
We can enter a new trade once we have clear...
First of all, note that the volatility of this currency is high and creates long shadows on the chart, which means it is a risky symbol.
It seems to be at the end of wave f of B. The big B wave is apparently a diametric.
From the green range, it can go to the red box.
Closing a 4-hour candle below the invalidation level will violate the analysis.
For risk...
We are in a range on the chart. By not losing the demand range, it can move to the supply side specified on the chart
There is also a liquidity pool at the top of the chart that I have marked, during the ascent it is expected to sweep this pool as well.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do...
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the BIGTIME symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
4h time frame
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BIGTIME is creating a triangle structure since December 6th, and volume is decreasing gradually, which means BIGTIME is approaching to the end of consolidation. Also, there is a structural support around 0.5, that make SL be clear to set up.
TP: 1.32
SL: 0.4477
Considering the time correction we had, it looks like there is still BIGTIME upside potential.
If the SW H is broken in the daily time and there is a consolidation on it, we can see a much stronger rise.
We had a strong bullish movement, which was marked by the SHARP white box.
Then we have made a correction, which we have marked with a white CORRECTION box.
As...
From what we have identified, the Bigtime bullish branch seems to have ended and this symbol has entered a correction pattern.
3 ABC waves can be seen on the chart. It seems that wave B is ending and we are entering the bearish branch for wave C.
These symbols have a small volume, I suggest not to enter the position without capital management and stop setting
