Hello and welcome traders!
I am The Real Johny Button here to express my opinion today to actual traders... but available to the limp D doodles that like to draw lots of lines yet cant read patterns! Hello everyone!!
This is my take on the scenarios of today, and i am betting on ripple making me the most profit in this up move. Here we go ripple:
We have had a nice injection into the market cap, punching over 420b. Ripple has broken its first consolidation pattern i had on the 1hr chart, bounced of the fib level above, and formed a scenario of potential outcomes; a potential bull rush up, a bounce back down to lower consolidation support line which would form a large triangle, or a total bluff (always count in the possibility, this is trading) which would hit my eject orders and crush so many hearts.
So we are in a potential Elliott wave 12345 up, and I have my aims set on completing wave 5 now when i look at the 4hr chart. The most likely scenario from my visual above i think is a bounce back to the lower support line (pink line), completing the MACD 3rd wave, than proceeding me up out of my chair to the bank.
Everything moves in 3's for all the new ppl. 3 is a extremely powerful number count in trading. If there is no bull rush straight away I am betting now on a large 3rd wave up which is called a Elliott wave 5 move, I am wanting 3 tags on that lower pink support line and a confirmation by seeing a 3rd wave on the lower side on the MACD...but i will take the bull rush exploding up now, just saying most moves come after the 3rd visual chart action has taken place.
I locked in my order back on that 2nd tag on the lower support. I shoulda and coulda waited for more confirmation, but the large charts were showing a picture perfect Elliott wave up on all major coins so i locked in early with a stop loss in play...and now im feeling safe... but never count the chickens before they hatch.
Lets just sit back and watch because we have 2 good scenarios in play to go upwards. If we break FIB level 61.8% we start to watch and study sub-waves to calculate better profit targets...if the market reverses we eject and play the game another day!
So there you have it guys, it is not what will happen, it is a scenario of a possibilities, thats the game you are playing. Give it love, or give it hate!... I don't care, because at the end of the day i win more than i lose, I am banging a sports illustrated model, and i use a stop losses. TALK Later!!
I am The Real Johny Button here to express my opinion today to actual traders... but available to the limp D doodles that like to draw lots of lines yet cant read patterns! Hello everyone!!
This is my take on the scenarios of today, and i am betting on ripple making me the most profit in this up move. Here we go ripple:
We have had a nice injection into the market cap, punching over 420b. Ripple has broken its first consolidation pattern i had on the 1hr chart, bounced of the fib level above, and formed a scenario of potential outcomes; a potential bull rush up, a bounce back down to lower consolidation support line which would form a large triangle, or a total bluff (always count in the possibility, this is trading) which would hit my eject orders and crush so many hearts.
So we are in a potential Elliott wave 12345 up, and I have my aims set on completing wave 5 now when i look at the 4hr chart. The most likely scenario from my visual above i think is a bounce back to the lower support line (pink line), completing the MACD 3rd wave, than proceeding me up out of my chair to the bank.
Everything moves in 3's for all the new ppl. 3 is a extremely powerful number count in trading. If there is no bull rush straight away I am betting now on a large 3rd wave up which is called a Elliott wave 5 move, I am wanting 3 tags on that lower pink support line and a confirmation by seeing a 3rd wave on the lower side on the MACD...but i will take the bull rush exploding up now, just saying most moves come after the 3rd visual chart action has taken place.
I locked in my order back on that 2nd tag on the lower support. I shoulda and coulda waited for more confirmation, but the large charts were showing a picture perfect Elliott wave up on all major coins so i locked in early with a stop loss in play...and now im feeling safe... but never count the chickens before they hatch.
Lets just sit back and watch because we have 2 good scenarios in play to go upwards. If we break FIB level 61.8% we start to watch and study sub-waves to calculate better profit targets...if the market reverses we eject and play the game another day!
So there you have it guys, it is not what will happen, it is a scenario of a possibilities, thats the game you are playing. Give it love, or give it hate!... I don't care, because at the end of the day i win more than i lose, I am banging a sports illustrated model, and i use a stop losses. TALK Later!!
Trade active:
here we go, we have gone the path of scenario 1, & I am not complaining about that!
I am targeting long at $1.18 atm, but i will assess as it climbs as to a more preferred profit target to exit on.
I am targeting long at $1.18 atm, but i will assess as it climbs as to a more preferred profit target to exit on.
Trade active:
still game on. Having to use the 1DAY chart to see that we are still within the wave 5 scenario.
BUT will have stop loss ready
BUT will have stop loss ready
Trade active:
Never count the chickens before they HATCH!
looks like we have a situation, going back to the other possible scenario noted on the original visual above. Scenario 2, which completes 3 down waves on the MACD...will it go up after....who knows, and thats why still have our stop loss in play
looks like we have a situation, going back to the other possible scenario noted on the original visual above. Scenario 2, which completes 3 down waves on the MACD...will it go up after....who knows, and thats why still have our stop loss in play