Hello guys. This seems to be a coin that a lot of people are watching right now & want. One that i am personally accumulating on dips.
Before I get into it, I have to stress - like all other coins, it's next broader wave is dependant on either sideways action from BTC or more bullish action. This is the same with altcoins across the board I believe.
Good morning guys. Hope you are all well and taking time to excersize in the opposite direction of fomo.
So it looks like my previous scenario that I had posted for BTC has come into effect.
Whilst my depictions may be accurate, I want to stress that anyone trading against BTC should never try to take a predictive stance. Be flexible. We cannot tell the future,...
My last WanChain update hit it absolutely on the head. And I am saying the same thing again.
Congratulations for those who are taking profit or looking to take profit.
WanChain needs to reset briefly before continuing. Like a runner needs to reset before his next race.
I'm going to leave the talking to a minimum.
-WanChain has conducted a fifth wave...
Good Evening Folks,
It is currently 7PM GMT Standard time - posting from the UK. I hope no one got too rekt earlier on today / hope you bought the dip on some of those springback alts.
This NEO trade is self explanatory.
- It is still to complete a fifth wave.
- The R R is very very good
- Downward momentum has slowed and fibonacci 61.8 has been hit
Verge has done another momentous run, not to our surprise. Yet everyone is surprised again.
It has caught me out a little bit due to it's common itra fifth wave extensions.
What's going to happen now? Upper targets are hard to define, but previous resistance and fib levels give us clues.
-A retrace to a max low of around 980
-Likely to run the higher...
Substratum is looking like one of those great plays to get into for the month as F.A is strong and should be able to carry it's legs.
-Broader targets of 69 -7.6k satoshis can be run.
- However, due to the beastly project, fomo & extension could take it high as 10k. Or 100% return from it's current price.
Confluence can be found in the regions...
More in depth chart above ^^^^^^
So it looks like BTC -4.23% -4.21% had very harsh sell volume kick in at the 61.8 fib region of the previous downleg.
Unfortunately, 7150 was already a big resistance zone. Now it has even more resistance.
- I spot this leg to be an ABC upwards, with a very slim chart...
More in depth chart above ^^^^^^
So it looks like BTC -4.21% had very harsh sell volume kick in at the 61.8 fib region of the previous downleg.
I spot this leg to be an ABC upwards, with a very slim chart of it actually being a 5 wave impulse upwards.
This is because when I counted those waves on this...
-Wanchain 3rd wave complete.
-5th wave always uncertain, but fomo is strong. Bad setup for new trades right here.
-MacD dangerous, RSI is looking like it has had 3-4 elliot waves down. A full reset would have it have one more fifth wave down and move sideways. This would be a good confirmation signal.
-Bouncing of EMA
-Has run hard and quickly, wave 2...
VERGE UPDATE -
-XVG is bouncing off both the 55EMA and ichimoku cloud support
-A bounce here with volume could signal a rally at 11111 at the least (has the F.A behind XVG right now is strong)
It is possible that this ABC is part of wave A, but the fomo behind the coin makes this unlikely at present. We bounced off the 38.2 fib ratio perfect. The prime...
BTC is beginning to stall & it is unclear whether there will be another wave up on the short or not. RSI is showing bearish divergence however technical analysis shows that a fifth wave is not off the cards.
Resistance is @ 7150
Support is at @ 6800
A break of these respective levels can signal further motions to be respected.
Signals and signs...
We have been in a bear market for a while and the sell pressure has been consistently increasing. General community has started to attribute it all to manipulation but I am not sensing enough despair yet in people's minds - the prime signal for a reversal.
Although the water pressure is building - attributed to the subtle volume increasing in...