I don't know the coin nor it's fundamentals.
It looks like we might be right on the brink of the corrective wave (2).
Yes, minor wave 4 overlaps minor wave 1. It is acceptable in leveraged markets by wick or so.
Potential 200% from the bottom of the RED up to the bottom of the GREEN
Buy zone:
RED - 0.5 fib retr. / 0.618 fib retr.
Targets:
BLUE - 1:1 fib extension
GREEN - 1:1.618 extension
It looks like we might be right on the brink of the corrective wave (2).
Yes, minor wave 4 overlaps minor wave 1. It is acceptable in leveraged markets by wick or so.
Potential 200% from the bottom of the RED up to the bottom of the GREEN
Buy zone:
RED - 0.5 fib retr. / 0.618 fib retr.
Targets:
BLUE - 1:1 fib extension
GREEN - 1:1.618 extension
Comment:
Buy zone reached.
I believe we just finished ABC correction.
I believe we just finished ABC correction.
Comment:
We're in the buy zone right now.
0.65 fib held perfectly.
However, if BTC dives down, it will most likely follow.
0.65 fib held perfectly.
However, if BTC dives down, it will most likely follow.
I would wait untill BTC stabilizes a bit.