So, previous ELF/BTC idea was correct. My previous targets; >> 11-11.5 buying stage 1 >> 9.5-10 buying stage 2 SELL TARGET 1: 13K SELL TARGET 2: 15-16K
So here is an update: Currently, if you bought from 9500-1000, I suggest two strategies for possible BTC moves.
First scenario, if BTC is done with correction and begin to uptrend so HOLD your coins. For who didn't buy that price this is not an advice for you to buy ELF, you have to wait for my second scenario.
Second scenario, if BTC continue to correction and down to 8k(test the resistance) then I suggest you to buy more ELF at same price point(9.5-10) and hold for 13000+.
People who did not buy from previous 9.5-10 price point; it will be your second chance to buy.
When we look at the indicators (Inverse Fisher Transform on CCI Ver.2, MACDAS,MACD DEMA), there will be a sell signal soon. So you can take your profit here or hold.
More updates will come for this graph. Have a good day!
Trade active
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So, ELF is on the way, crossed up the 15k level. I guess a there will be a correction soon. People who don't like risk and need BTC; here is a good price point to sell.(Im considering that you bought at 9500) Take your %40-50 profit.
@dokdorosman Thank you for your TA's, they are accurate so far, I'm still learning how to read charts and do TA, so would you please inform me how did you know that correction will happen, is it MACD cross signal ?
dokdorosman
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@mezo5011, It's so simple. Just look at the chart between January 7 and January 13 that I filled with blue color. ELF repeatedly bounced to 16.5 and down to 13.5 for several times in that zone. So this means 16.5 and 13.5 are strong support and resistance levels. So when you look at the chart at January 20 ELF raised to 15.7 and closed to 16.5(which is a strong resistance) cause of that close to 16.5 I thought there will be a correction and probably down to 13.5 again. It was happening so correct but suddenly BTC went down to 10k levels so my graph gone little wrong. I hope that I explained it well. Feel free to ask.
show must go on! #hodl! This is great coin and can make 3x, why?
1. It is in 100 top coin list by marketcap
2. It is still in wave 1 in elliot. Unlike other coins Elf never been in the moon yet
3. It recovered well from last dump
It may have some sligh correction on its way to the sun!
dokdorosman
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@nzaur, Yeah, correction came. As soon as the BTC done with its own correction, there will be nobody to stop ELF!