I am super excited to be heading to Bangkok tonight to hang out with some really cool people and find out the next exciting steps for my business :) And then next week I am headed to New York to pick up a screen writing award for my feature film script, so super exciting things happening in my life! There is never a dull day in crypto, and since being here with you guys, I find I meet so many amazing people and get to have the weirdest and most wonderful conversations with you all!
And please know I appreciate all of you, and that is why i keep doing this :)
So let's get straight into BCH. the movement for BCH was not strong for the start of this wave which made it quite confusing for a wave 3. Being as in Elliott wave theory, a wave 3 usually states that it is the strongest and most powerful of all the waves. We didn't really see that at the start, until we look at price movement. Looking at previous impulse wave starts, this wave 3 has actually moved stronger and increased price from our last wave 1 impulse which moved only $200.00 in a very sideways motion - Where as this current wave 1 subwave has moved almost $300.00.
So one tick that we are moving in the right direction. We also currently have found support of all the EMAs except the 200. Which at the time of writing this chart up, the wave was headbutting for a minor retrace.
I see the entire subwave 1 - which is the 5 wave structure shown to hit around $1306 mark then a retrace, and the next wave should be even more powerful considering it is subwave 3 of 3, so hopefully BCH pulls out it's super powers and shows BTC and the other ALTs who is the boss!
Once the 1st wave of this wave is completed I will be able to get you all the most accurate targets moving forward :)
So for now... Safe and happy trading!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
Lisa N Edwards - LNE
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like.... I work for likes <3
コメント
⋅
$1254 is the conservative target, but being as this is wave 3 I am reaching for an extended wave to $1306 :)
you should public'y acknowledge what went very wrong on these trade ideas in order to try and preserve your dignity and learn from your mistakes. Just an idea, best of luck!
metavinci
⋅
Hi LNE, I'm curious how you drew that fib on this chart. Are you using a fib extension (0-3-4 POINTS) to get 1306 , 1:1? I can't seem to recreate that projection from my points.
Thanks for sticking with BCH . Sidenote: lots of hate for this coin... what's to hate about larger % gains, besides bigger retrenchments (for longs), but play the other way (for shorts). Thank you again for your elegant and steady analysis.
metavinci
⋅
I think i figured it out. You're projecting to the top of that peak coming down (May 2th)... which makes sense for a resistance top. I might pull it back (front run sell orders) closer to the cluster of distribution bellow that peak $1250 ish. The bears are working hard lately, but the bulls (house MMs) usually get their way. My theory is that the Exchange bots targets are bullish (for fear of losing new biz) while the bears (whales) want cheaper coin. I want to unwind this long i'm trapped in, then see this Dec - June correction finish once and for all.
Also I still see an ending 5th diag still on the table (next pivot could be the start of the 5 headed down with a bunch of ABCs making 5 waves) until we hit your pivot, but it's looking less likely than the leading diagonal in your count.
@metavinci, I have been TAing BCH since it's beginning and it has a weird pattern and fib targets. I find wave 1 -0.362, wave 3 - 0.786 and then 5th 1:1 and normal correction to 0.786to 0.88 :)
metavinci
⋅
@lne, Interesting. funny, I have .88 on my fib tool for a month now. BCH does like the 5th. That's why the bull count has me cautious - it's seems an impotent attempti to finish the impulse in a reversal. Nevertheless, I'm leaning more bull lately as we find lower channel support, now snaking up toward a more bullish equilibrium. I think it's ready to test the top resistance and/or set a new higher high on the way up. TIme will tell. Thank you for the info and taking the time to respond & share.
Sk83M
⋅
There's a bullish gartley setting up if it breaks down. That might get you the wave 3 power you're looking for!