Are you strapped in? Elliott Wave Theory Elliott Waves Explained It’s no secret that analysts adhere strongly to Elliott Wave Theory. Far from being a one-stop principle that explains everything happening in crypto trading, it does help us tackle the cyclical nature of markets. Developed by Ralph Elliott way back in the 1930s, Elliott Waves describe the...
Bullish case from here is that this whole move is an ascending broadening wedge which we have seen on micro levels through this whole move. F & the textbook AB=CD is an imediate short term target if Bitcoin is bullish we would expect to find support around the 0.382% fibo level. which is also the diagnonal support. A target for ths move higher will be...
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I've been trading off the 10-11k support line bounces since the top but it looks like the fun is over and things are about to breakdown and not in a good way. If you're still holding any LRC I'd get rid of it now. Start scaling out, at least half asap but if you are desperate for one more bounce I've included a target although it's not likely since we're deep into...
Yeah, pretty sure about that - just join the slack & see by yourself how solid its community is. ++++++++++++++