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jrcastell
Aug 8, 2019 1:08 PM

Matic wave 3 gearing up? Long

BINANCE:MATICBTC240
MATIC Network / BitcoinBinance

Description

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Is this wave 3 on the 4 hour? Looks promising. Let's see what happens!
Wave AnalysisElliott Wave
Comments
karthiksai
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I am looking at this possibility where we may still be in wave (2), as the wave A of wave (2) has 5 sub waves.
jrcastell
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@karthiksai, Thanks for the idea. Possible that your wave C could be a flat corrective wave and hit support at 130 before moving up. We'll see!
karthiksai
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@jrcastell, yeah possible.
jrcastell
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@karthiksai, Also, you've charted on a 1hr chart. This would possibly show up as just a candle and wick on my 4hr chart within the 3rd wave. ;-)
karthiksai
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@jrcastell, If we are in wave (3), it is fine and the market will break above 177 sats in no time. But if we are in wave B of wave (2), then it might take longer time to complete wave C before wave (3) starts.
jrcastell
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@karthiksai, Gotcha, thanks. Here's hoping for profits sooner than later!
karthiksai
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@jrcastell, I shorted this market at 140 sats for now, as I feel this wave B move is not stronger enough to reach 150 sats. Will be watching it closely and play with stops.
transparent-fx
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the market is always teaching us, thanks for sharing your idea, i also give a lot of valuable content go check it out i'm sure you would like it
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