Though we had a nice pull back from our previous low 11.1k , it was successful breaking first resistance at 14.4k then bulls ran out of stem and tried 3times to push above 15k all attempts failed and bears took over the market. Now final leg of correction is expected ABC wave which will end up in 9.5k region and will show an explosive comeback , i think this would be last chance for buyers to get cheap coins in 4 digits . I am a starter on TA ,please feel free to guide me .
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there is a support at 11.8k in 60min time frame lets see how it plays
@yeshuyesh45, why don't i see people using pitchfork more within Elliot?
hypnotoad
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Seems like it's already recovering
yeshuyesh45
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@hypnotoad, i dont think so , we cant come to a conclusion that quick , we it takes at least 3-4 hours to confirm .
hypnotoad
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How likely is this in your opinion? When will the dip happen?
yeshuyesh45
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@hypnotoad, as u can see in the chart it has already begun to go down towards C ,
if u like my idea please like the post. thank u.
Ibrahimdmrkl
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So are we selling it to rebuy at 9800-9500.
yeshuyesh45
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@Ibrahimdmrkl, it depends on ur previous buy position. if u have added positions around 14k region HODL . if ur buy is around 11k-12k region u can sell 50% of position and take advantage of correction.
keep in mind dont sell or buy whatever u got go 70:30 or 80:20 .
Haven't been able to find any REAL elliot wave analysis in here... if anybody can show me one.