If you are here then you have already seen the WAVES pump. If you were lucky enough to have bought the bottom, congrats. Plotted are possible upcoming targets, unless it dumps right now.
15k sats will be a rough resistance due to psych value. 16k has a minor fib confluence which may cause reaction. 18k (or just shy) should be maximum ceiling for this wave.
When the retrace starts, further measurements will let me project some support zones.
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See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
評論
Key Support
Just hit top boundary of key support zone
Zoom IN (15 min) Blue Fib has been defining the action so this is a key support with the 1.236 at top bound that should bounce it if any bull momentum is left.
Bounce has survived the night and looks to be starting a move
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Zoom IN (3 min) and adding a Fib to the bounce Looks like it has Fib "Legs" or a rhythm to the moves. That is the first step to a sustainable wave: keeping a pace or rhythm.
Jury still out on final wave until local highs are surpassed, but it looks intent on doing so.
Zoomed IN (3 min) with a Fib on the bounce and a possible EW impulsive 12345 wave Points to the second target zone just shy of 16k sats. It will need to bounce from the 2.236 (right from where it is) to reach that high. It could also come back down to the 1.618 and a bounce there would still be bullish but would be hard to reach 16k from there.
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In SUMMARY: - Target 1 hit perfectly, confirming all fibs. - Target 2 seems likely, if dont go any lower that 14.4k - Closed 80% of my long, letting 20% ride with SL at BE.
So here we are at the "Ideal" wave 4 end point It could go a little lower and still be valid wave 4, but this is the place it really needs to start wave 5 if it is get new highs.