just an idea now high r/r could of potentially seem a 5 up higher tf are very green and could very easily go to 0.21 if we break up with strength. I wouldn't actively trade it until you see an under 0.01699 area but if you wanna high-risk trade just go with an extremely tight stop .
idea for now
I wouldn't call this a call until you see sub 0.01700 though happy trading
xrp trade here looking at the possibility of a longterm abc but a short term 1-5 to make the b first longterm i expect 0.17 but short term i am looking for the possibility of a wave 3 move here.
not financial advice
First, this is not to give you financial advice on when to buy or sell. It has proven a strong indicator for me over the history of bitcoin.
It is a lot of colors to some but, Fibonacci always has a way .
This is to discuss Bitcoin as its chart solely show. I am not bullish on any market like this but, I will trade on what I see within the charts
Update to our ABC count ive had a chart from a down but since we are starting C I figured its best to reorganize some things here
So we finished Our B but we about to enter a minor A going to B in our small scale of the C
Expect an area around 82.00 for a target these are using 1.618 and 0.382 ext points so if anything goes past basic levels expect prices to...
5 waves down here we are about to hit a possible 1.618 wave 3 that doesn't mean it cannot go past 1.618. If we see support here not a bad idea for a play for a possible 50-80% depending on how the wave 4 retrace we get .
long near 1.618 area sell longterm. wait for confirmations
The chart shows but, let's break it down. We have completed a 1-5 wave which has a completed a bigger cycle 1 and we are entering a ABC pattern to create our 2 cycle
Also before anything, this is not financial advice just my opinion feel free to share yours
LTC lets see we have a completed 5 waves with a possible ABC down pattern. Within our downward channel, we have failed to break out over 3x on the way down.
I started my short near 118-121 so if u enter her be worry of a breakout of the channel if our pattern becomes invalid.
Wan has shown nothing but negatives here I thought last week we could bounce. But now we are still on a down 5 on a 3 of that count.IMO if our 3 is a 1.618. 3s are not always to that extension but, if this holds here 700 could be very well in our future or this wave could be a deeper extension if it is this wave could is invalid as we would go negatives. longterm...