This chart appears to be a possible and valid wave count.
Wave-1 and wave-4 doesn't overlap.
Wave-3 is a 1:1 extension of wave-1.
Wave-4 retraced to the 0.65 Fibb of wave-3.
Still, be super cautious because of the FUD news circulating today.
Binance ordered to be shut down (shown as rumor/false) and others.
Wave-1 and wave-4 doesn't overlap.
Wave-3 is a 1:1 extension of wave-1.
Wave-4 retraced to the 0.65 Fibb of wave-3.
Still, be super cautious because of the FUD news circulating today.
Binance ordered to be shut down (shown as rumor/false) and others.
Comment:
What I see is wave-5 failure (other counts don't add up).
I know that most TA ignore fundamentals/news, however, this is my view on the market's recent behavior.
I see 5 impulse waves forming as expected, then at exactly the same time of Binance FUD (17hr ago), it fails/breaks down into an ABC correction.
Meaning, large crypto holders dumped heavily on the market once they saw this news, detailing our active bull-run, and causing 5th wave failure.
pbs.twimg.com/media/DY8fimlU8AAdL40.jpg
I know that most TA ignore fundamentals/news, however, this is my view on the market's recent behavior.
I see 5 impulse waves forming as expected, then at exactly the same time of Binance FUD (17hr ago), it fails/breaks down into an ABC correction.
Meaning, large crypto holders dumped heavily on the market once they saw this news, detailing our active bull-run, and causing 5th wave failure.
pbs.twimg.com/media/DY8fimlU8AAdL40.jpg
Depending on how waves are counted, there is also a good possibility that we get to 10k soon.
(10k is also the 1.618 extension of wave-1)