mtrade8888

Leading Diagonal complete - Third wave incoming

Long
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
As per the total analysis - seems to have been more accurate on elliot as we did a truncated wave 5 on the leading diagonal on BTC , however it was a text book wave 5 on the Total which would have been a glorious exit.

Currently we wicked into .786 support to end the wave 2 correction with a very strong rejection from this zone. We may wick again to this area followed by next leg up for wave 3. Moving forward - my elliot wave account will be only on the total - due to its accuracy rather than BTC.

Away from the noise and the news - it is proven that if you ignore the noise and the market sentiment and focus on the data on the chart - the result is always favorable.

Also - if you look at the volume profile - its clear where there is accumulation and where the POC is. This is bitstamp chart data - so its not stained with Binance's trade free volume frenzy..
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.