Hello again, Degenerates
PT1(For those that don't want to read) = $0.96-$0.83
If you have been following my analysis, you know that we are now in a sensitive zone:
- We hit a Macro Wave 2 target, but Wave 2 can always go lower (as long as it doesn't cover 100% of Wave 1)
- Market uncertainty has brought sentiment to extreme fear
- SEC is taking its sweet 4$$ time with ETF approvals.
Regardless of all of that, we are just here to observe the market and pray for Satoshi to bless our bags.
If my analysis is correct, we might be entering Wave 1 of Wave 3 of Wave 3... Just look at the chart and try not to get too confused.
- The red circled numbers are the 5 Sub-waves of impulse wave 3( green). As you can see, I suspect that we got done with sub-wave 2 and are now entering the territory of Sub-wave 3.
- The color blue represent the waves of the sub-wave 3(red).
We need the first price target cover 61-38% of the last correction to confirm that we are indeed entering another bull run.
- You can see in yellow what price action could look like.
This first wave will probably have a low volume and momentum will be choppy. Price can still do another retest of $0.65 if buyers don't step in.
As always, I have to remind you that I am not a pro, I am just attempting to learn the sage wisdom of the waves.
*Not Financial Advice*
PT1(For those that don't want to read) = $0.96-$0.83
If you have been following my analysis, you know that we are now in a sensitive zone:
- We hit a Macro Wave 2 target, but Wave 2 can always go lower (as long as it doesn't cover 100% of Wave 1)
- Market uncertainty has brought sentiment to extreme fear
- SEC is taking its sweet 4$$ time with ETF approvals.
Regardless of all of that, we are just here to observe the market and pray for Satoshi to bless our bags.
If my analysis is correct, we might be entering Wave 1 of Wave 3 of Wave 3... Just look at the chart and try not to get too confused.
- The red circled numbers are the 5 Sub-waves of impulse wave 3( green). As you can see, I suspect that we got done with sub-wave 2 and are now entering the territory of Sub-wave 3.
- The color blue represent the waves of the sub-wave 3(red).
We need the first price target cover 61-38% of the last correction to confirm that we are indeed entering another bull run.
- You can see in yellow what price action could look like.
This first wave will probably have a low volume and momentum will be choppy. Price can still do another retest of $0.65 if buyers don't step in.
As always, I have to remind you that I am not a pro, I am just attempting to learn the sage wisdom of the waves.
*Not Financial Advice*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.