BTC started the journey of previous rally wave upon the 3rd halving process.
The impulsive progression 1-2-3-4-5-
The Retracement progression A-B-C
The Point A retraced near to point 4 (ideally for Elliott wave theory)
This wave gonna burn off lots of short term trader. hitting margin call and stop losses consecutively.
The point B is higher than point 5...
$82 seems to be a good supply point for luna and it should retrace from here now!
A healthy retracement towards $71-$74 zone is goint to be a golden chance to buy in this alt!
A breakout from a descending channel and consolidating between $30-$40!
$30-$32 is a good base and the alt can be accumulated here!
Keep sl below recent lows and target the resistance at $40!
Long in it!
We assume we got our bottom around $0.00002795 between the 0.618 and 0.786 Fibonacci on our correction wave 2.
We then enter phase 3 of the Elliott cycle with a target of 1.618 to $0.00014.
Is Shiba to the moon possible? Let's give the Shiba time to confirm our impulse.
Entry Price: 0.00003715
Target Profit: 0.00014 (+280.6%)
Stop Loss: 0.000025 (-32.8%)
Risk...
