My Macro play is still the same as before.
However I have spotted a potential Gartley pattern, with confirmed bearish divergence.
We could do 1 more subwave (5) then break down to the 0.786 fib retracement then begin our next move up to play the Cypher.
Just observing now,
Make sure to take some small profits unless you in at a good entry and willing to wait
AX retraced 0.618
extension of AX is on 1.27
XC should retrace to 0.786
REN is extremely bullish could still pump a lot more. In terms of Elliot wave theory this could be wave one
Trade smart ND GET READY FOR Q4
We could be finishing our 3rd wave up still.
sub wave 4 is in and we could reach 2000 sats to finish the 5th wave before coming down to complete the 4th wave of the primary EW count.
Trade with Caution
set stop loss as indicated
This is Not financial advise
ENJ has retraced back to the 0.618 and had a nice bounce
Confirmed reverse?? I don't know yet.
In the coming days we will know what this is but I would like to bring up a potential EW still ??
Because the 4th wave overlapped with the 1st wave this sort of falls away.
However, because of BTC's recent pump that could disrupt the clarity of the graph and count I...
Clear 1,2,3 wave formation according to EW theory
Currently consolidating in an ABCDE (4th wave)
buy 88-90 sats
sell 150-170 sats (long) = 5th EW wave
Not Financial advise
Set stops anything below the top of the 3rd wave
Be AWARE of trading inside the ABCDE
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