From this Morning's Update..." I realize in a wave 4 price can do unpredictable things. I've written about how many times a practitioner of Elliot Wave Theory cannot see the pattern until is it's nearly complete. "
Today my DM's were mainly about how Solana is doing the exact opposite of what I posted this morning.
Yes, it did.
I stated this would be the ideal pathway for price to take. If you're going to follow my posts, know 2 things about my analysis.
1. I've been doing this for a long time. That experience doesn't shield me from being wrong. But I'm probably right 75% of the time. Usually when I'm wrong is when I get so detailed. Like this morning.
2. I'm not a trader. I'm not a scalper. I could care less about 5 points up or down. Eventually those guys get caught between a rock and hard place. I invest in trends.
Here's my overall viewpoint on Solana. Can price go up? Yes. But for this to remain an impulsive wave 4 of C it can not go higher than $81. That's where wave 4 will overlap with wave 1. Then it becomes an ending diagonal at best. So if someone wants to trade this on the off chance price rises to $81...Go for it. The $35.30 bottom is a wave 3 bottom and Solana is going to trade below that price. I'm sorry I can not tell you the exact date and time. Since I am not a trader, I hunt for clues because I'm waiting on a wave 5 of which I plan to buy...and NOT UNTIL THEN.
PS: TO MY FOLLOWERS I'LL BE OUT OF TOWN TILL TUESDAY....SO I WILL RESUME MY DAILY UPDATES THEN.
Best to All,
Chris
Today my DM's were mainly about how Solana is doing the exact opposite of what I posted this morning.
Yes, it did.
I stated this would be the ideal pathway for price to take. If you're going to follow my posts, know 2 things about my analysis.
1. I've been doing this for a long time. That experience doesn't shield me from being wrong. But I'm probably right 75% of the time. Usually when I'm wrong is when I get so detailed. Like this morning.
2. I'm not a trader. I'm not a scalper. I could care less about 5 points up or down. Eventually those guys get caught between a rock and hard place. I invest in trends.
Here's my overall viewpoint on Solana. Can price go up? Yes. But for this to remain an impulsive wave 4 of C it can not go higher than $81. That's where wave 4 will overlap with wave 1. Then it becomes an ending diagonal at best. So if someone wants to trade this on the off chance price rises to $81...Go for it. The $35.30 bottom is a wave 3 bottom and Solana is going to trade below that price. I'm sorry I can not tell you the exact date and time. Since I am not a trader, I hunt for clues because I'm waiting on a wave 5 of which I plan to buy...and NOT UNTIL THEN.
PS: TO MY FOLLOWERS I'LL BE OUT OF TOWN TILL TUESDAY....SO I WILL RESUME MY DAILY UPDATES THEN.
Best to All,
Chris
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