L3MoR

L3MoR Updated 

Looks like correction after correction BTC has given up trading in this region. Besides, the awkward wicks from time to time, the correction has been contained in parallel channel. I must say I'm quite impressed by the volatility in which Bitcoin maneuvers, and scares the hell out of me to trade. Only thing I have related to find spot to trade BTC is the news...

L3MoR

Seeing the strength of the correction made me wonder I should revise my wave count for this cycle. Key takeaway: Price action (px) won't fall below September 15 high, i.e. 23 cents, as it the wave 1 of the primary cycle. It took 36 days for the intermediate wave (between primary wave 2 and wave 3) to finish, which gives me a rough estimate of (or, end of...

L3MoR

Just sharing my interpretation of the correction. 3 waves have of the current correction have played out. There should be one more wave up followed by another wave down, and then happy time.

L3MoR

$ONE formed a running flat. I wish I knew earlier so that I could have bought at 28-30 cents range. But was under the impression that it would be a zip zag. Anyway, $ONE showed some strength at 50% level of the parallel channel of the correction, signaling a bullish sentiment upwards.

L3MoR

Price would find support at the upper level of base channel, which is around 24-25 cents (i.e. 1.328 fib extension level). Hope you guys are ready for this.

L3MoR

This is overall view of the current intermediate wave 5 of the cycle. Current status: Intermediate wave 5, minor wave 4, minute wave 3 If your long is still open, you are in good luck. Won't suggest shorting until weakness is shown, but RSI and AO are still in favor of an uptrend.

L3MoR

$ONE needs to break out of the parallel channel (base channel) to confirm price discovery. Got rejected once. Let's see where this goes.

L3MoR

Minute by minute wave analysis of ONE USDT from October 18 2021