From what I can see, the 5 subwaves sequence (yellow) of the 3rd larger wave (green) is forming. Subwave 2 just bounced of the golden .618 fib level. Time for a nice run? Larger Wave 2 bounced off of .5 fib level.
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3rd main wave and and 3rd sub wave are not prediction points, just placed on the side to clear room (for now)
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Updated chart with possible wave points...
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Things still looking to be on par for now...
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Boy things have been spot on so far!
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There's a chance this 3rd subwave can push 2.618 --- thats 19800 SATs -- im thinking realistic is 19200s
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Inner wave playing with a .618 bounce
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inner wave 4 bounced off of .786 fib level considering wave 2 was minimal. ow finishing last inner wave, which then completed the 3rd subwave. Will short here and awaiting re-entry at completion of 4th subwave (maybe 19200s?)
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19200s prediction was meaning the end of 3rd subwave.
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4th inner wave is nearing completion... one last run of the 3rd subwave thereafter.
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its ok so far... following trend of Start of inner wave 1, end of Wave 2 and we are between .5 and .618 fib levels.
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nothing out of the ordinary... we could drop down to top of subwave 1.
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Funny how things work, right? It hit that trend line (start of inner wave 1, end of wave 2)
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you see what I'm seeing for RSI and MACD?
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isn't she beautiful???
Trade closed: stop reached
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Closed out my position overnight to take profits as things looked to be weak in the 5th wave. Consequently, a 5th wave truly does not have to surpass Wave 3. Will await for next opportunity.
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Might be a 5th Wave opportunity... setup new idea here:
What accuracy. I like your analysis, thank you for share!
MyCryptosTrader
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@pcarballeda, thanks man... I like to play 3 wave sequences as it helps with confirmation and with retracement and extensions.
Thermawar
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Any update one the ZRX action? Thoughts on what will be a good price on Sats for re-entry? Thanks for your work!
MyCryptosTrader
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@Thermawar, check out my latest update... I think we have one more push before 4th subwave retracement.
yvkob
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Great prediction. I'm up about 30% at this point but considering selling and waiting for a retracement to buy in again. I've learned in the past to take at least some profits when you're up. Will be interesting to see where this one goes, especially with the potential Coinbase listing coming up. Thanks for the charts and insights.
MyCryptosTrader
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@jgideon, yeah I just posted an update on a short. We are nearing the end of the 3rd subwave... I'm going to short and await re-entry on upon end of Wave 4. Will also give us more insight on where things will go. ZRX is getting the attention it deserves so now is the momentum solely from Coinbase or are people also now grasping what ZRX can become?
yvkob
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@CryptoCarl831, I think it's a bit of both. Coinbase and CNBC coverage have definitely helped make the public more aware of ZRX. But also this token's real utility gives it inherent value. I'm long & bullish ZRX long term but could see it bouncing before taking off again.
MyCryptosTrader
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@jgideon, going to be a fun run man... lets see how it plays! if we can get BTC to run now... boy!
MyCryptosTrader
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@jgideon, awesome on the return man!
soldyaboi
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Should one wait for pullback before entry at this point.