Waltcoin Long

BINANCE:WTCBTC   Walton / Bitcoin
First idea, and fist set of TA skills applied so please leave your feedback, it'd be greatly appreciated!

Waltcoin is on the 4th leg of a 5 wave Elliot wave / cycle. It has good support from the EMA (50 days) and there is a support trend line which each wave has pushed up off. Few more days until it start going up again, maybe already?
評論: Entry: 00266
Final: 00440 (65%)
Stop: 00246 (7.5%)

May be smaller waves in the middle such as those seen in blue / numbers where sell-offs and re-buys can be increase profit.

Oh, and upward Legs A, C and E and downward Legs B and D were mapped using trendiness which I deleted because they crowded the graph. But A and C are almost identical.
lookup rules and guidelines on elliot wave
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.

Rule 2: Wave 3 can never be the shortest of the three impulse waves.

Rule 3: Wave 4 can never overlap Wave 1.

When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave 1

The forms for Wave 2 and Wave 4 will alternate. If Wave 2 is a sharp correction, Wave 4 will be a flat correction. If Wave 2 is flat, Wave 4 will be sharp.

After a 5-wave impulse advance, corrections (abc) usually end in the area of prior Wave 4 low.
+1 回覆
and congrats on your first post. It takes balls :-)
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12345 placed wrong: 1-2 is 18 and 19 january, 3-4 19-24 january, now abc to support line.
might bounce to 0.618 fibonacci (around 0.003 price level)
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ryancm a.shevelev002
@a.shevelev002, awesome!! Thank-you :D
SwissWebTrader a.shevelev002
@a.shevelev002, awesome!I should focus only a.shevelev002 in here and learn learn learn. this will save me a lot of time.
+1 回覆
@ryancm, agree but Walton is a hodl for me. no day or swing trades atm (just not enough time). thanks and good luck.
+1 回覆
ryancm SwissWebTrader
@SwissWebTrader :) Schweet, thank-you! Agreed, I want to hodl but need to rebuild after the drop. I'll be trying to put profits from others into this (on the lows of course).
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