I've made money off CND before, but today I noticed a massive bull run on Binance. I'm holding bags from other trades based on the principle of not selling low, so I missed what I believe is wave 5. Nevertheless, I didn't miss this real time learning experience. This time I included volume in my TA along with trend patterns, Elliot, and fibs. I notice that the volume increased on all impulses, but I still have as of yet to fully understand the details of volume as it pertains to Elliot wave theory. Again, these are my adventures as a rook, so don't quote me on any of this. I will say for anyone looking to trade I would NOT recommend this coin atm. I see an incoming correction and lower prices because 1) this is cleary a pump Telegram style and 2) despite that, the move clearly is bound by Elliot, meaning wave A will be a bearish corrective wave. Rule #1 is don't buy high noobs. I had to learn the hard way but my profits made it cool; learn from me and maximize your profits while minimizing losses.
Comment:
Haejin was right that wave 5 is usually the extended one in crypto. Once the candle closes I will update with an analysis of the relative wave sizes. Also notice that Elliot was right with his alternation guideline. Wave 2 was sideways but wave 4 was sharp. This shit is starting to get scary to me. I dreamed about making Elliot waves last night...