was making a chart as you posted this but Id rather just upvote this as it basically displays the same idea I was having. Nice chart. The volume cycles and RSI indicators look like we are gearing for a big push soon. We will just have to see :)
Today's early low 30.63 low, and RIOT 32.25 low are both gap fills and likely represent the extent of a wave 4 correction about .50 of wave 3, BTCN has slightly exceeded .382. This is representative of the theory alternation, last wave 4 was shallow with MARA correcting less than .236, BTCN a perfect .236 but ate up more time, this correction is very sharp but ate up more price. Wave 5 up lies ahead. This moved also sucked out a lot of premium in the Blockchain and Grayscale Complex that has accumulated this week to the underlying Crypto, last week the complex was at a discount.
pechi123
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Up as high as 34.4 (+2.35 from the +9.55 close) in the post market. Definitely a Breakaway.
pechi123
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I don't know why you drew a wedge or a triangle, everywhere I look at published charts people draw them but rarely do they conform to what is the definition of a triangle. That's not a triangle.
pechi123
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It's a breakaway gap.
telaensarto
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great work.
One question, what would be your price target to take profits? thanks.