As we see, a cycle ended at 27/01/2018 high in a 5 waves up ( divergence in 4H and ), so according to EW, this is calling for another 5 waves up. All cycles identified by vertical lines ends very precisely at 100% extension of the first leg of the cycle (all corrective in nature, despite the amplitude of each cycle), and at 0.00004819, we reached convergence of 3 major cycle ending and last one being truncated at 61.8%-78.4% which is quite common.
On 19/03/2018, those cycles ended and the highest degree as shown here with breaking up its downtrend line.
So from here, I propose buying 0x token against BTC from this level and lower if reached with stop below the 19/03/2018 low and target 0.00226-0.000268
However, I do not need a 5 waves motive up as corrective waves can suffice (but it is slower and we still remain under the pressure of bears).
I remind that in my views, a market can trend in corrective waves (which is not what EW proposed).
Market will tell.
The move was indeed "big". 3 waves up for now from 4765. I do not need an impulse (motive 5 waves) in the first cycles to reach my targets.
I cannot raise my stop to BE for now as a cycle might have ended. So partial profit at 100% extension and now stop below 4765 for a risk free position with hopefully a nice return.
If it goes there, I buy again.
on those spike, probably some short squeeze. Does not really matter in the end, only price and levels matter...
Where do we go next? Nowhere, we wait, as long as above 7037, for 11,772-12,889.
initial risk 2% of capital, reward 8,70% of capital ...
Will buy lower again as we now have a bullish sequence in 4h TF
This is why for the first 10 intraday traders patrons, I offer to upgrade to the $100 tier with private discord channel and training on my approach. The patreon is also about education in trading. Hope to see you there.
As for DBG and Ontology technicals, I do not know but I will surely check it out. Cheers
I shall be in touch.