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
I could be wrong, but it looks to me like BTC may want to cool off a bit before plowing higher. If the top of this channel is not broken then it is very likely we will touch one of the lower Fib numbers. I still have my core long position but I did manage to raise a little cash during all the recent chop. I hope to redeploy it on the long side below $5K around...
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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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.
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.
Buy zone: 0.77-79 (fib 1.618 relations state 0.77)
Target B - will be presented.
Should be at least 0.90
We will then retrace further to wave C
1. EW 1-5= A = Expanding diagonal = Fib relations
2. Hidden Bullish divergence
3. RSI Oversold
4. Trend line
5. 100 MA
6. COO is buying
7. MACD crossing
8. Histogram is decreasing
9. First GAP is filled (92% of...
UCTS Buy Signal on the 6h
RSI Coming out from oversold lvls
MACD about to cross
Found resistance around EMA200, As mid target we can expect a retest of ~7200 range (While BTC Allows it....)