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Well, XAUBTC looks like want to test at least 1 area. I wonder at what price these two will get even.
If this long position gets successful, XAUBTC might be on its way to build a nice wedge, which would possibly be the first wave of a new bull run. We'll see...
WARNING! I am not a financial and trade advisor. I am just learning technical analysis. You should NOT...
Possible wave count scenario.
That wedge might be wave 1 or since we don't have the full history, it might be wave 5 too. Looking at the big correction after that, it is more possible that it is wave 5, but I took it here as wave 1, because until proven wrong I would assume that the chart start as the beginning.
So, my thought is that we might be in a deep wave 2...
looks like a quick 20% trade here. After this impulse finishes it might continue big.
Please, not that I am still not doing any timing analysis, but I wanted to use the timing tool of TV to see how it goes. You should just ignore time axis.
Trade Active. stop loss 1900 sats. target around 2300 - 2400 sats.
WARNING! I am not a trade advisor. I am just learning...
This is a possible scenario for the big BTC correction. I believe wave B can go as most as $34k. and the final wave C will close somewhere near wave A, that is most probably at most around $1500.
The idea is invalidated if BTC goes below $6k or goes above $34k. I am planning to buy until $6k and hold to see how this goes.
WARNING!! I am not a financial advisor....
This is fairly new coin, aka not much bacground on chart, but fundementals are great. I'm sure this project will find a place in future of crypto market.
Possibly wave 3 is starting soon.
HOLD mode on. A good stop loss would be going below that triangle probably.
WARNING! I am not a financial advisor. I am just learning technical analysis.
You DO NOT have my...
Long term possible scenario. Hodl mode on.
Will close trade if last LL is breached and another LL formed.
WARNING!! I am not a financial advisor. I am just learning technical analysis.
You DO NOT have my permission to publish this idea and
you DO NOT have my permission to use this idea as a technical advise.
I think BITTREX:WAVESUSD found it's bottom and getting ready to start a new run.
Ideas they put on the table is great.
They have a working DEX platform. I am very positive on the future of DEX platforms. In my opinion, crypto trading world will shift onto these platforms once they DEXs are matured enough.
Please share your thoughts, what do you think?