The picture is very clear as we can see that gold has completed a cycle of 5 wave and now is forming the zig zag correction A-B-C(5-3-5). Although the perfect opportunity to sell has been finished but look out for bigger pullbacks to enter short term position in gold
Waves had a massive run by the end of 2018, but started the year in full negative and retraced for a long 113 days.
Right now I am seeing some massive bullish action.
WAVESBTC is printing its highest volume bar since January, and it will likely close highest since last years bull run.
The bounce is happening after breaking below MA200, very strong support.
Just looking for an entry on Waves around the 786
Bearish volume dropping off and waiting for bulls to wake up for a dead cat bounce
Waiting for Willy to be stupidly oversold.
Nice notch in VPVR
I will be setting my stink bids around the 786
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TNB has no doubt been one of the MOST quiet coins of this altcoin 'boom' over the past 5 months and is retracing to levels way below its ICO price. TNB is consolidating under 75 sats for some time now and I could not stress enough how much of a buy it could be. I listed the points of resistance and support which could be acted upon if the whales decide to take us...
On the daily chart of WAVESBTC, the instrument is currently in the corrective wave C of ABC zigzag, which could be over as a Price Action reversal pattern has been formed - "Outside Day". Breakout of the high level of the signal bar could be an optimal price to open long with using trading levels that are marked on the chart.