lots of updates over the last few days, as I have had many requests here and on other platforms, so I am trying to do my best to keep you up to date. It's a bear market, so lots of stress and panic out there, what goes up must come down... but eventually it will go the other way too!
I analyse a lot of different coins and tokens, that's part of my job to do that, and there is one thing I often notice, is that certain coins/tokens get into the habit of moving in certain directions and following certain patterns. do you remember as a kid you would lay random cards out and then try to pick them up from memory, and eventually you would find them all, as you would start to see a pattern forming as to where the cards were hidden. This is no different in trading. Trading is based on the psychology of the human psyche. Unconsciously our brain perceives pattern... The process of pattern recognition involves matching the information received with the information already stored in the brain.
As we see in many charts, the patterns repeat and are unique for each individual chart, to the untrained eye they look very similar, but when we know what we are looking for, we start to see these repetitive patterns occurring, which can help us decipher the charts.
Here is ETC we can see that after a 5 wave formation, we are seeing a triple corrective pattern forming (WXYXZ) we are only starting to see this as we now have enough data to go back and fully analyse. It is hard to do this in the early stages of a coins life.
I believe there is still more corrections to come and hoping we turn around the $10-11 mark at the 0.786 Fibonacci, but like many coins/tokens right now we are still at the mercy of BTC ....
So for now... Safe and happy trading!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3