I knew the break was coming but needed it to make its move before I made mine, because i needed something to work with , this count feels much better than the previous count i did on busd, The fact that there was no alteration on the 2 and 4 waves on my previous count has been nagging me for weeks, so I now believe this is the correct count
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i should have spotted it earlier but i had tunnel vision on the busd chart which doesn't have the data from the crash, My bad
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technically that sfp nullified the count that i posted we cant have the 4 crashing the top of the 1 like that, but these are exchange specific harts and in my mind that was an early whale that misjudged the market sentiment and dumped , so i gave it the benefit, but when i look now it didnt just put a whisker down there, it went deep.
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just a heads up, that there COULD e a Z wave still to come, so wait for a solid break out if you're not in already
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I think we are just waiting for this to realize its going nowhere
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time to climb aboard i think
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Could be a "sell the news" trade in terms of staking going live around the 26th, for the minor 3 of macro 1 wave top
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bit more detail
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Looks like the validators have got to the critical 66% mark, - Get ready !! =0)
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just a quick update,the 5 should be around there, but look out for an X wave above the high,
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Just noticed my 3 wave was from an old idea, my bad
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first target hit
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somewhere there maybe, and a stop limit buy just above the high in case it turns around
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went further than expected there, so i believe we could be looking at something like this, maybe right up to when burn tax is implemented on the 12th, sell the news maybe, im not gonna try and swing this now until we have a solid 5 wave structure in,
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still feels like we are into this atm
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broke up from that so this is my next best guess
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yep, that felt like a top, hopefully we get a decent retrace now and back in
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I'm thinking that final pump could of been an X wave, cos there's good fib confluence on the wave tops for this count
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still looks good for a re-entry around 0.00020 ish - ustc is probably a buy now and a sell when lunc bottoms as a lot of the profit people are making looks like its being funneled there
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somewhere there i think for ustc
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best guess at the moment,
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this area is starting to look good, just a 1-1 on the A and C of the Y wave and a small correction from the top of the 5 of the major 1
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feels like the most obvious/ most simple resolution
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so the full count up from the floor would be this
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so this should be the final count for this corrective Y wave
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maybe a short lived fear wick down a bit lower , by those who are visited by the purple wojak of catastrophic losses =0)
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so here's trhe problem
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if it cant break above the line then weve got a head and shoulders here, and the volume profile fits, so while we all thought we were playing an impulsive waver- it could in fact be an A-A-C corrective move off of that first top- break out the stop loss orders
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could be it now, looks like we got an abc up on bearish rsi div and now a 1-2 down
@TheKitchenTrader, i hoping deep, ive got a fractal, but dunno if it will play out if it goes with that fractal - happy days, but ill keep an eye on it cos anything is a bonus- i got at least a couple of cents on this by the end of the year
TheKitchenTrader
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@Spocks-Beard, On KuCoin the short margin interest was 30-1. I think a lot of retail noobs keep trying to short creating fuel. So you think .02 possibly EOY? Thanks for your updates.
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@TheKitchenTrader, 30-1 pmsl, why anyone would short this here is beyond me, i reckon its one of the best long plays out there right now , especially if you snagged the bottom of the crash, - noobs where would we be without them.. broke i guess =0)
TheKitchenTrader
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@Spocks-Beard, What's your year end prediction on PT?
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@TheKitchenTrader, somewhere between 2 and 4 cents but thats based on a fractal pattern, and they can be unreliable for price- id rather use fib extensions, but with the burn tax coming- im not sure if standard fibs will hold, , my theory is that its an algo- so the chart is an expression of the algo, and if the only thing that is different is the burn tax then it SHOULD gain value in the same kind of way as it did first time around, ive studied the original run up and copared to what we have here and it looks pretty good atm
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@Spocks-Beard, based on my bollinger band(weekly timeframe) I'll say 100 to 120 😂
@Spocks-Beard, with no break up, its a head and shoulders, and we've all been playing an abc off of the first high
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@TheKitchenTrader, price wise, yeh im hoping low, but its just a hope atm hopefully it makes some waves and we can make a semi educated guess on re entry, im still holding half my bag and i staked a quarter as soon as it went live- reflections have been great