Tried charting using Brandon Kelly crypto trader's charting method. I added fibs to help target prices, he does not use them. Prices will likely go beyond targets, if only candlestick shadows. My first time trying this particular style. I was think this is in a C leg anyway, so that may be affecting my method. I am also bull in general because of fundamentals and expect a big gain by the end of the year.
評論
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This is a 343 min chart (5.7H) stoch rsi is 84/588 period
@noobs, Thanks man, I feel like a natural or something but It must be luck! However using some elliot wave rules after watching all these alts pop, I think the C leg will end 100-200 where the previous elliot wave points 1-2-3-4 are, but this should take some time to do so. This will give my weekly check some time to buy in at these low prices... I'm still bullish but a drop and multi-day close below 40-80 could spell trouble!
I'm no longer in the eth game and I'm stuck holding some alts because the entire market tanked, however I think if I buy anything it will be ETH and NEO in the coming weeks... Best of luck to you guys and don't buy high sell low! lol!
jasonlau924
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Thanks, I agree with the direction. This also appears to make sense with Elliot Wave (wave 4). Im looking between 280 - 310$ re-entry. Your thoughts?
GMOMutation
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@jasonlau924, I think the last wave up we went through was the B leg of the previous impulse. I Don't think we've totally consolidated the last move in price and this wave being on a longer trend than alts, will play out over a longer period. I think we could hit the .68 retracement and I have been sitting and waiting for Eth to fall. It wouldn't hurt to buy at the .328 and .5, unless eth falls beyond the .68
noobs
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cool chart
GMOMutation
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@noobs, Thanks, I certainly hope it's accurate as it is cool! :) I am watching Eth closely.