LOOM/BTC 1H WAVE III
Updated
Heads up lads.
I believe we just finished Wave II correction (red arrow), as we touched 0.618 fib retracement and then bounced off of it.
Now it seems like we've started
- the Major Wave III
- the wave (1)
- minor wave 1 and minor wave 2 which I believe is also done correcting nad now we are heading towards minor wave 3.
Targets for the minor wave 3:
1. Blue - 1:1
2. Green - 1:1.618
Looks like we've also found decent support on the 8MA (BLUE) and now testing 21MA (RED) for another support.
I believe we just finished Wave II correction (red arrow), as we touched 0.618 fib retracement and then bounced off of it.
Now it seems like we've started
- the Major Wave III
- the wave (1)
- minor wave 1 and minor wave 2 which I believe is also done correcting nad now we are heading towards minor wave 3.
Targets for the minor wave 3:
1. Blue - 1:1
2. Green - 1:1.618
Looks like we've also found decent support on the 8MA (BLUE) and now testing 21MA (RED) for another support.
Note
Grand scheme of things and bigget targets for the wave III
Note
LOOM/BTC 1H
21MA breakout confirmed (2 candles closed above).
Looks like we've found a decent support, the next target to break is 55MA (pink).
Trade closed: stop reached
Apparently, correction was not over. We've reached the Golden Pocket area.
We might see more downtrending to come. Perhaps even down to 0.786 fib of tha major wave II.
Note
Guys hold on tight.
As it seems to me it looks I was wrong. And it turns out to be more bullish than I thought.
We are in the wave 3 (no 5 as I thought).
That mean we should ride it till the channel resistance.
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