After this 1st run for the BTC futures, we are at the verge of a new path.
since its trading, it behaved as an motive EW with exact fib ratios
The next hour will be critical as either a rise to the 2.618 fib; or the beginning of an ABC corrective wave.
As I do the post, it seems to go on rising...
SYS is performing an Elliot ave cycle, and just begins the 5th wave
The previous waves are exact Fib levels
- 4.236 from 2 to 3
- rebound on 0.382 from 3 to 4
Entry : 0.000038
TP1 : 0.00041
TP2 : 0.00046
SL : 0.00036
Trade at you own risks
Rise has probably finished an EW cycle, and will go forth.
The entry value is just over the 30 min cloud, and coincides with a Fib level.
Entry : 0.00009271
TP1 : 0.0001135 (previous 5th wave)
TP2 : 0.000135 (before the 1.68 retracement from wave 5 to A)
SL : 0.00007668 (0.236 Fib from wave 5 to A)
The current market is very volatile today another bad news will...
ZCOIN enters a 5th wave
Entry is above the 0.5 Fib which is at he same level as the Ichimoku Cloud
Entry : 0.00272
TP1 : 0.00312
TP2 : 0.00344
TP3 : 0.0043
SL : 0.0025
Risk Ratio : 9.42:1
This is my point of view and not a trading advice