Hello traders and enthusiasts !
I am "The Real Johny Button", legendary trader from wall street and Goldmans Sacks here to express my opinion today ! Lets dive into the scenarios lining up for Litecoin:
Well last night i posted about ada in this exact same situation...which went to the moon as i was typing!
So here we have it again. Elliot wave 5 has been left lingering across the entire crytpo world for the past days. Some coins have grabbed it over the past 24hrs or so...ada being one that i was watching.
Litecoin i count as being an eligible bachelor for this date at the moment as well, and i am going to try get this one! The scenarios before it gets into bed are these though as highlighted on the visual:
1. Bulls on parade, and run straight from here...now, to 100% completion on the fib, completing wave 5
2. We hit the top resistance, bounce back into triangle formation... and than bring in the bulls
3. nothing happens, it was a hoax...go home, come play another day
Prior to this action on the chart we can see a boost above the 61.8% level, tricking everyone that this was a breakout to complete wave 5, before the rug comes out and drops...this was pure, cant be more evident manipulation everyone! so i am overlooking this in my study, not even taking notice it is there on the charts, no matter what coin i am looking at.
note:
Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me.
So there you have it, like it or hate it...have a eject price in mind always!
Regards,
Johny Button
I am "The Real Johny Button", legendary trader from wall street and Goldmans Sacks here to express my opinion today ! Lets dive into the scenarios lining up for Litecoin:
Well last night i posted about ada in this exact same situation...which went to the moon as i was typing!
So here we have it again. Elliot wave 5 has been left lingering across the entire crytpo world for the past days. Some coins have grabbed it over the past 24hrs or so...ada being one that i was watching.
Litecoin i count as being an eligible bachelor for this date at the moment as well, and i am going to try get this one! The scenarios before it gets into bed are these though as highlighted on the visual:
1. Bulls on parade, and run straight from here...now, to 100% completion on the fib, completing wave 5
2. We hit the top resistance, bounce back into triangle formation... and than bring in the bulls
3. nothing happens, it was a hoax...go home, come play another day
Prior to this action on the chart we can see a boost above the 61.8% level, tricking everyone that this was a breakout to complete wave 5, before the rug comes out and drops...this was pure, cant be more evident manipulation everyone! so i am overlooking this in my study, not even taking notice it is there on the charts, no matter what coin i am looking at.
note:
Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me.
So there you have it, like it or hate it...have a eject price in mind always!
Regards,
Johny Button
Trade active:
Across the main coins there seems to be a break of resistance and a bull run !
Started with ada last night, qtum today, and now filtering to ltc and the rest.
Here we go i am in for a scalp, but only because i always wanted this wave 5 and was positive it has to happen...but DO NOT COUNT THE CHICKENS yet! it can always reverse, so have a exit plan and price ready.
Started with ada last night, qtum today, and now filtering to ltc and the rest.
Here we go i am in for a scalp, but only because i always wanted this wave 5 and was positive it has to happen...but DO NOT COUNT THE CHICKENS yet! it can always reverse, so have a exit plan and price ready.
Comment:
we could be back in the triangle...scenario 2.
My apologies to all goldman sach ppl...it seems they dont like me calling the company "sacks", and this is offensive. I thought it was funny.
My apologies to all goldman sach ppl...it seems they dont like me calling the company "sacks", and this is offensive. I thought it was funny.
Comment:
I am out of this market now. It seems a little exhausted and a late game is a gamble... Plus I rather elephants than scalping.
Until next time, good night world!
Until next time, good night world!
Always bounce your study with the shitty charts provided for the entire market cap as well.
We are clearly on those charts awaiting wave 5. After this it will drop !!!
It would not be an unwise thing at this point to take your profit over the past weeks, sit back have a beer and let this play itself out...no one will call you a pussy, you have profit.
There will always be another trade setup op from the start base rather than playing the end of the game.