@@@ DO NOT TAKE AS TRADING ADVICE - DO YOUR OWN RESEARCH @@@
Godmode used in this chart as well as Pitchfork and fibo wedge.
1) Pitchfork shows bullish trend and that we're still within
2) Fibo wedge has been tried to adjust to match the current situation. Might contain errors as I'm a noob and unreliable!
3) Godmode used to show exit and entry points in 1 hour chart, being decent for entries and exits in mid term depending on the channel we're riding (uptrend or downtrend)
3.1) Yellow lines represent good sell points pointed out by godmode and LSMA.
3.2) Blue lines represent accumulation points and good entry points.
*Godmode should be used in different time charts for you to get the best sell/buy timing.
Resistance area by fibo fan 0.618-0.5 / 530-500USD
Why I call my fibo wedge slightly unreliable: Because I find the psoition yet a bit speculative.
Fibo wedge 1 as expected drop based on
fibo 0 being among the lowest points,
fibo .382, .5 and .618 coinciding with drops.
.786 also with a minor drop, but not
significant because
of the ongoing FOMO (and short term resistance formed there) at that time.
@@@ DO NOT TAKE AS TRADING ADVICE - DO YOUR OWN RESEARCH @@@
ps.
If you're a EW user feel free to enlighten me a bit as I think the 4th wave could be located around the next entry point. Will also add GM pictures from 4h and 1d to see the greater picture for entry and exit points.
Again, all comments are greatly appreciated!