From - Candles break out from falling wedge and retrace to the support line. - MACD - RSI - WT Cross
we can see those were indicating the starting of FIB waves.
note: we are seeing something similar on QLCBTC chart too.
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Considering big wave 2(corrective wave) is gonna land at 0.382% retracement with wave abc(adjusted in the updated chart below).
I think we are soon to start wave 3, be prepared:
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stay with original posted ideas structure for corrective wave A B C. wave C is yet to finish.
once it is completed, we would start big wave 3.
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ONTBTC is waving up. this could be
1) the starting of the big wave. or 2) another wave B like what XVG did.
either way, the first target shall be around end of wave 5.
I think it is more likely to be 2)- wave B. so once it is up till end of wave 5. it shall retrace back to around end of wave 4. that shall be the position of wave c=1.27 of upcoming "wave B".
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we are on the corrective wave c to finish wave 2. then prepare for big wave 3.
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big wave 3 starts
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pink target reached. going for retracement. get updated charts here:
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Danger alert!
what we are now on could be a big retraced for the completed big wave 3! instead of new big wave 5!
if it is big wave 3 then the retracement is expecting to reach 0.0093 @ 0.382.