After failure to hit 7,500$ target, We did make a good profit in the run and the retracement was very strong decline giving us a new EW count. Price held here shows we have declined to a new Wave 2 Count which is currently forming a triangle that can break in any direction. I see Bullish Divergence and looking to long this breakout, with tight stop-loss. If we have a breakout that will be a start of Wave 3 and Wave 3 are always strong move. I have a target of 8,000$+
註釋
Patience is Key
We have been patient all this time and hopefully we have a successful breakout and an advance upwards. As seen on the chart, We have had a sideways Wave 2 to have a successful break out of the triangle. If we have another rejection and a support as shown in the arrows I will definately push in more longs in the breakout as marked in the chart. Let's be patient and keep close watch on price action after the Bitfinex maintainence update. A positive outcome will be seen in the market for the breakout if we have it.
註釋
ARE WE THERE YET?
Are you a really thinking
I am looking for an ABC correction down on to the 0.618 fib line. That would mean strong resemblance of the previous pump.
I'm still LONG, and will add more at 6,315$
STOP - 6,000$
註釋
Things have been very slow. We are running out of time if we want to see a push.
I have some arrows showing price movement. If we go towards 7,736$ That can guarantee high chance of a strong push before december, but if we follow the other 6,756$ range which must be a higher high for more upward movement and hopefully not create a bearish divergence. If it is a divergence, price will decline strong. but the good thing is if price pushes pass 6,495$ and close daily above it, that is a breakout and will be followed by more upward pushing buy power.
If you are still in cash which is the best option now. Just be more patient, price never was so close to the trendline and pushing sideways trying to break. Everytime we were close to the trendline was after a dead-cat bounce and got rejected. This time the dead-cat bounce will be a breakout.
Hang on tight don't get bored
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