With quick impulses up like that, utilizing the one hour time frame can either make or break you here. THIS IS NOT THE TIME TO BE BUYING ALGO. The 5 wave elliot theory has played out to E already and you happen to have Class A bearish divergence on both oscillators as well as touching perfectly at the top of the geometrical resistance line. If these aren't enough signs to get out of a coin, then I don't know what it is. This is where I'd be taking profits now. I am trying to help those that are buying in now or don't know when to take profit. I highly recommend taking profit now. If this trend were to continue, it would not be out of the norms to dumb between 624-709 sats! The common retraces up! On the larger time frames this may have been only one or two impulses up! So, the trend may very we continue, but short term, you guys are fucked if you are buying in now. I am warning you ahead of time. Anyways, Good afternoon everyone and I hope you are all having a great day and or night!
Note
Dump* to prices between* And I don't know why it says The common retraces up. I should have reread what I wrote, so I do apologize for the mess Lol!
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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.