$WTC going to bounce on the .786 FIB?

BINANCE:WTCBTC   Walton / Bitcoin
Not sure if there is anything to this...

  • I put a retracement position in to be filled between .618 and .786 when it was at the top. Order has filled.
  • Will keep a close on this one. $WTC is known to make some quick runs. Stop loss set at Wave 1 starting point.
  • If it does bounce... I put two extension targets out there at 1 and 1.618
Comment: Let's see... looks like a start to a bounce. MACD and RSI showing positive signs.
Comment: Looks to be nearing top of the 1st wave within the inner 3rd wave. Both 1 and 1.618 extensions plotted. RSI line I have (in purple) is too early to finalize yet as I need wave 2 to complete.

Therefore, just estimated for now. Still early for a true confirmation but things are heading in the right direction. I tend to take my long positions towards bottom of Wave 2 so that I have insight from Wave 1 to work with.

Trade closed manually: Been away from the computer for most of the day. My stop loss was activated and took me out of this position with very little loss. Can't win them all...
So far we’re looking good...
Thermawar MyCryptosTrader
@CryptoCarl831, I agree! I have a sell out at 10600 sats personally. I will leave a bit in just in case we can go 10700 plus. Really hoping the momentum keeps up!
@Thermawar, Inner Wave 2 is going sideways, but if things go accordingly, I think we will see well above 10700 by the end of the 3rd inner wave (my points plotted), as we are still on the 1st wave "within" the current 3rd inner wave you see. I tend not to make moves within an inner wave but at endings of an inner wave.
MyCryptosTrader MyCryptosTrader
@CryptoCarl831, Orange points are my "inner waves"
That was a good XRZ run! I just noticed this support on WTC as well. I will be watching closely for sure!
@Thermawar, indeed. It was great timing... we'll see how things play out soon.
Thermawar MyCryptosTrader
@CryptoCarl831, Well, I am in! got in just a bit under the .786 fib. Lets hope for the best.
@Thermawar, Might be another $ZRX opportunity
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