Arcanak

Arcanak

After the huge dip we had today in the markets, I would say that the correction is finished. This means that, probably, we are in the beginning of a 3rd wave and the end of an abc pattern. This wave would reach, at least, the 1.618 extension of the 1st wave projected in the end of the second wave. Remember that the 3rd wave usually extends to some degree, so the...

Arcanak Updated 

It does seem that we are in the midway of the corrective pattern (ABC). It seems B wave is finished because it reached the resistance 0.618 of the fibonacci retracement and it bounced. Therefore, there are three possible targets for the C wave supposing we are in a normal flat pattern. Target 1: 41k (100% of the A wave projected from the end of B). Target 2: 36k...

Arcanak Updated 

With the 4th elliott wave finished, there is an open path for QKCBTC to reach the next target which is the 1.618 retracement of the 4th wave. There is a trade oportunity here. Trade setup: 1. TP 0.00000112 (1.236) 2. TP 0.00000132 (1.618) 3. SL 0.00000045 I would like to know your opinion. I wish you all good profits! DISCLAIMER: This is not a financial advice

Arcanak

The corrective waves seem to have finished already. This means that a new impulsive wave will probably form reaching the 1.618 level at least. This means that with the actual price, an increase of 500% could be possible. I would like to know your opinions. I wish you all good profits! DISCLAIMER: This is not financial advice

Arcanak

A corrective pattern (ABC) may be forming. I think the next target should be around 60k, where a rebound is possible, reaching target C, whose price should be around 38k-41k, finishing the corrective wave and opening the path to ~80k. DISCLAIMER: This is not financial advice.