SUI all aboard...!!! The SUI train is leaving the station!

5月8日

Looks like retracement wave 4 has finished around $3.12, and we are now in wave 5. Wave 3 can never be the shortest of waves 1, 3, and 5. But wave 5 is often 0.618 or 1.0 times the length of wave 1 or wave 3.

Today, a bullish announcement that U.S. banks can legally custody crypto for clients was made.

I think this is the catalyst that will cause wave 5 to be almost as big as wave 3.

Also BTC at the time of this writing is 99K+ and nearing the psychological milestone of 100k!

The SUI train has left the station!

5月8日

交易進行

UPDATE: If we fail to stay above $3.80, then wave 5 will not be as big as or close to in size of wave 3, and this means, wave 5 will be short...like wave 1, and the break of structure means there will be a massive pullback. Trade with caution.

5月8日

交易結束：目標達成

We hit $4.10 and you can clearly see 5 waves up on a 1 hour chart, with the 5th leg up as the blow-off top...so I believe we most likely will have a small 3 wave retracement to the $3.60 to $3.80 range before attempting the next leg up to $4.20+.

5月8日

註釋

So it turned out wave 5 up, was about the same size as wave 1....not bullish enough for the full throttle up to $5.80 for now.

5月11日

註釋

This trade is still active, but I can't re-activate this post, so look for my newer one. I think the current pause is simply a small consolodation of a much larger wave 5.