TO READ WITH A GRAIN OF SALT. keep in mind every analysis can change at any time.
That being said let's dive in.
Since listing we had a beautiful wave count 1-2-3-4 currently in wave 5 of the grander cycle wave 1.
IF wave 5 retraces it might retrace to 0.5 - 0.618. ( that would be wave 2 of the grander cycle) --> Personally i wont take it. I would watch it and see if i get an entry if it bounces from those levels.
IF it bounces then we might kick in for a wave 3 of the grander cycle which might go until 1.618 extension. This is the massive trade im looking for.
Lets now see how it moves and how it react to:
- Wave 5 of the wave 1 ( grander cycle).
- A-B-C correction to 0.5-0.618
- Bounce from those levels for potential Wave 3 (grander cycle)
cheers
Note
looking good for now..
Note
BTC bounced, i took the trade on different entry leverage 10. lets see but i think its gonna be massive.
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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.