BRETTGUS1
Long

second wave near completed

BINANCE:CNDBTC   Cindicator / Bitcoin
Elliiot wave is nearly completed. This is a good pre-emptive buy in zone with a clear stop at the bottom of the first wave. fibonaci projections provide our targets at a minimum of 100% of the first wave , extended projection is 1.6% of the first wave. I usually confirm on lower time scale with RSI . Also confirm with a break a the second wave trendline .

Comments

Thanks for the TA. I had charted this to break upwards sooner. It looks like it has tried a few times but resistance at 2000 kept it contained. Not sure if I need to rechart now or what. Decision time.
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