Building this big patterns
obviously take time.
An inverse head and shoulders
really is just a representation of "Smart" money & "Dumb" money.
(Smart & Dumb are interchangeable with patient v impatient or emotional v unemotional, whales v shrimps and most likely a combination of all these characteristics)
Anyway BOBA has left shoulder , the rejection from...
Hello there❄
Technical overview :
Over the last few days I have been seeing many bouncing from resistances/ supports in these channels (I have circled in white above🧐📈)
If you have been crypto trading you have surely noticed MATIC (polygon) soaring to new ATHs 7 months ago (2.44,) but more importantly 2 days ago it came within approximately 4 cents of all...
after the breakout of $116, it became clear that there isn't the danger of the 5th Elliott reversal and the 3rd wave of Elliott could continue with the flag pattern.
carb harmonic pattern:
AB=0.61 XA
BC~0.38 AB *unperfect crab*
tp1=2.6 BC=$0.14
tp2=1.6 XA=$0.39
tp3=3.6 XA=$0.6
since the 1st wave of Elliott was very strong I believe the target of the 3rd wave must be beyond the crab's targets:
tp4=$1.5
tp5=$4
tp6=$15
Raiden Network as off chain scaling solution started its move to the heavens.
We are currently 150% from our entry point but there is still a long way to go.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be...
