DebateMaths

DebateMaths

lol

DebateMaths

Looks to have one more potential high after completing this wxyz pattern which I've seen many times. Might double/triple top at .025 but it should at the very least re-test.

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Some nice retracement in the short term

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The final low will be difficult to determine but in the meantime there is a decent short term long just below the recent lows.

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This correction is well underway and almost complete. If it doesn't develop into something complex or sideways (low chance imo), then we can see all time highs possibly into the $4000+ area. A bunch of good news will suddenly happen (or bad news in the financial sectors/governments/etc).

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A moonshot is possible after a correction. In terms of practical trading, there's plenty of ways to play this pattern. Personally, I will be selling all spot holding above $950 and buy them back below $750. A little conservative I must admit.

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I wouldn't long here despite all the good news: - Ring CT - Coinbase rumours - Gui If I miss the boat, so be it. The top is when all news is good. In saying that, I'm not a fan of shorting in general. I'll wait for the next opportunity.

DebateMaths Updated 

All news is good, feels IMPOSSIBLE to go down doesn't it? This is how people buy tops. I would not short it, but definitely stay cautious.

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Dont get drowned out by the noises and doom talk, this is a clear long. I will update later with a better picture, but do not short at the very least.

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Previous support level and some fib lines here, expecting at least at 50%+ gain bounce from here. Not sure what happens after.

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The ultimate target is difficult or even impossible to predict. It should be either of the following (my rough estimate chances in bracket) 1. 0.024 (50%) 2. 0.0185 (40%) 3. New highs (5%) 4. 0.016 (5%) I can't see a situation where it just dies off here. Remember, btc moon while feels invincible, is not a certainty.

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Sure feels gloomy surrounding XMR with the BTC highly anticipated moonshot. But isn't this what a bottom feels like? Will stick to plan here and manage risk:reward/stop loss accordingly. Can't say I am overexcited getting into this position but these counter-intuitive trades are usually the biggest winners. If you are feeling this, plenty of other traders are too.

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Just added some EW counts for those interested. Possible targets are any of the fib retracement, with 61.8% the most likely.

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My first long here. Sometimes you don't need to over complicate things.

DebateMaths Updated 

If this is not correct, I give up. But I can't see any other pattern.

DebateMaths Updated 

Corrections are often tricky and only obvious in hindsight. However, as we are approaching the end of the correction, the picture becomes more clear.

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Looks like what I suspected to be a wave 3 turned out to be a wave 5 of the same degree. If that is the case, then we have had 3 waves retracement and will continue down.

DebateMaths Updated 

109 is the 61.8% retracement which is the minimum target. The movement will be sharp and quick.