ENG/BTC New uptrend?

Enigma bounced nicely off BTCs 6k dip and rallied higher after that forming what looks like a nice impulse wave up. The count you see is my primary count i'll present my bear scenario as an update. Currently I believe we are in wave 2 down so a buy opportunity is presented to us. 4H MACD and RSI indicate we can expect more short term downside so a touchdown around the 0.618 fib looks good (buy zone and targets on the chart).

4H INDICATORS
RSI: More room to go down
MACD: Bearish divergence

1D INDICATORS
RSI: Bearish divergance
MACD: Has curled back down after a brief bullish crossover.

Targets anywhere between 0.00048000 and 0.00060000 for a 70-120% return

Please note this is a medium term potentially by 1st of March but likely sooner so please allow for it to play out. Also make sure to like and follow if you wish to follow this educational hypothetical trade. Overall I am very bullish on Enigma fundamentally also so be sure to check out the product and use case.

*This is not financial advice and is intended for educational purpose only*

Comment:

Don't worry I have disproven my bear scenario wave count I am confident my primary one is the correct count, happy trading :)

Trade active:

Currently in the buy zone may go lower

Trade active:

We are currently in the golden pocket (between 0.618 and 0.650 fib) however indicators are still bearish on most time frames so laddering in buy orders between 0.618 and 0.786 fib would be quite educational.

Trade active:

An alternate scenario instead of an ABC correction is a falling wedge and we also have declining volume to support this either way works for this trade :)

Trade closed: stop reached:

No uptrend continuation