Hi Traders,
Seems like "The BIG Triangle" scenario is most probable right now. We could reach a Yelow downtrend line starting at Dec 2017 peak, connecting Top of 2018 bull run. Now Target Sell area will be around 11,3 - 11,K. And waiting for bounce to bottom trendline of triangle.
So for now we could be in a ((i)) wave of (C). Next wave will be same or 1.618 of ((i)). Trade Carefully and use stop-loss. Many traders know about marked levels so I expect some surprise from Whales. But stilll not sure where.
Good luck.
Seems like "The BIG Triangle" scenario is most probable right now. We could reach a Yelow downtrend line starting at Dec 2017 peak, connecting Top of 2018 bull run. Now Target Sell area will be around 11,3 - 11,K. And waiting for bounce to bottom trendline of triangle.
So for now we could be in a ((i)) wave of (C). Next wave will be same or 1.618 of ((i)). Trade Carefully and use stop-loss. Many traders know about marked levels so I expect some surprise from Whales. But stilll not sure where.
Good luck.
Trade active:
Seems like we finished correction.
Drop to 9K is stil possible, but in this case when blue line was broken its less probable. So lets shoot up to 10,3-10,5 or ideally to 11,2K zone :)
Drop to 9K is stil possible, but in this case when blue line was broken its less probable. So lets shoot up to 10,3-10,5 or ideally to 11,2K zone :)
So lets wait a little more for them to buy "expensive" coins and make some drop to scary weak hands :D and make 10 % ++
RSI looks like we could reach 10300-1500 area and wave (iii) will be finished .
I will update you with EW count on smaller time frame ;)