Possible recovery trajectory
dont have enought time to comment, will do later, i hope this keeps people away from making bad trading descicions.
Please be aware breaking one of the swings down could invalidate the wavecount. (if a cetrain wave low breaks the previous low but these are elliot rules i cannot explaint right here.) some waves can tho,
We did expect a somewhat lower bottom, but if this holds we re good to resume (a short term) uptrend towards the long term downward trendline. If we break there, watch for 280 levels.
Same counts for bitcoin, if we break the long term trendline after these waves, target is 12 K and 13 K roughly,
trade safe
I trade Altcoins and Bitcoin -4.40% 6.67% 1.55% 5.23% on these exchanges because they are the most secure, easy to use and lowest fees on the market:
Binance: (ALL Altcoins to trade here!)
www.binance.com/?ref=220899...
Coinbase: (get up to 10$ free CREDIT if you use this link ;) take care)
www.coinbase.com/joi...3d9536a38100c5678754
dont have enought time to comment, will do later, i hope this keeps people away from making bad trading descicions.
Please be aware breaking one of the swings down could invalidate the wavecount. (if a cetrain wave low breaks the previous low but these are elliot rules i cannot explaint right here.) some waves can tho,
We did expect a somewhat lower bottom, but if this holds we re good to resume (a short term) uptrend towards the long term downward trendline. If we break there, watch for 280 levels.
Same counts for bitcoin, if we break the long term trendline after these waves, target is 12 K and 13 K roughly,
trade safe
I trade Altcoins and Bitcoin -4.40% 6.67% 1.55% 5.23% on these exchanges because they are the most secure, easy to use and lowest fees on the market:
Binance: (ALL Altcoins to trade here!)
www.binance.com/?ref=220899...
Coinbase: (get up to 10$ free CREDIT if you use this link ;) take care)
www.coinbase.com/joi...3d9536a38100c5678754
Comment:
same idea for LTC, buy in here is fine, stop loss either below 61.8 or lower then the lowest low of this night, Both LTC and BTC. Still a possibility of LTC correcting to 172 and BTC to 9K
Keep that in mind before resumption uptrend.
Since buying pressure is high here we can say the bottom is near or already in.
trade safe
same idea for LTC, buy in here is fine, stop loss either below 61.8 or lower then the lowest low of this night, Both LTC and BTC. Still a possibility of LTC correcting to 172 and BTC to 9K
Keep that in mind before resumption uptrend.
Since buying pressure is high here we can say the bottom is near or already in.
trade safe
Probability of breaking 250 USD area is high in that case,