MATIC/USD
Testing/Tracking Elliot waves. Please do not trade without stop/loss.
Matic has been my favorite coin throughout this bear market. It has been one of the few coins constantly publishing updates
& making progress in a bear market. Countless numbers of partnerships especially with big name corporations is a plus.
This means a lot of people have faith in this project. Enough with this though lets get to the charts.
Chart timeframe is on the weekly.
I have posted a few charts on matic already and have been signaling the bottom since it hit .31. The reason for this is because that's the -90% drop.
If not all, majority of coins will go through a 90-95% drop from the top when we enter a bear market. If your coin has already dropped 90% and it risk falling another 5% is very little.
This is where you should start positioning more, regardless if it drops further or not. On this chart I am showing you 2 potential top for the next bull run. 4.7 and 7.8. Before I go any further,
let me quickly explain why you should've bought some at .31.
A 90% drop from the top of 2.9 brought us to .31
A 95% drop from the top of 2.9 brings us to to .15 or so
You would've been risking a -50% drop for a potential gain of 1400%+ R/R ratio of 29 (you can check by hovering over the long position: green & red chart)
Now I'm a big fan of DCA. let's say you decided to buy at .31 and it did go lower into a -95% drop. This is the perfect spot for you to add more into your position.
Not only did you get some for the above R/R ratio of 29 now you got some for even more. A -95% drop is normally the highest all coins drop, not many go much lower than this.
With a -95% drop your R/R ratio is 35. I've placed the stop loss at -98% cause I've seen some coins go there. Your potential gain from here is 3500%
Now you're adding your first position with second position. For these type of gains, the risk was very little.
Currently we're at a -69% drop from the top according to today's price. If we ever go near the prices of the above, God has given you a second chance. From today's price
your R/R ratio is 4.5 (437% gains) with the stop loss being under the -95% drop. The gains you potentially could've made has already gone down by tripled. The risk of buying here is still not bad, but
the once in a lifetime opportunity has already gone by.
The wave projection on this chart is based off of wave 1 and wave 2 already being made. Wave 3 target is an estimate of where the next bull run may take us. I tried to time the wave accordingly to the timeline, however,
Elliot waves cannot predict time. Chart timeline is based off of the bull cycles in the crypto market. We normally get 2 years bull & 2 years bear that corresponds to bitcoin's halving events.
Matic has been my favorite coin throughout this bear market. It has been one of the few coins constantly publishing updates
& making progress in a bear market. Countless numbers of partnerships especially with big name corporations is a plus.
This means a lot of people have faith in this project. Enough with this though lets get to the charts.
Chart timeframe is on the weekly.
I have posted a few charts on matic already and have been signaling the bottom since it hit .31. The reason for this is because that's the -90% drop.
If not all, majority of coins will go through a 90-95% drop from the top when we enter a bear market. If your coin has already dropped 90% and it risk falling another 5% is very little.
This is where you should start positioning more, regardless if it drops further or not. On this chart I am showing you 2 potential top for the next bull run. 4.7 and 7.8. Before I go any further,
let me quickly explain why you should've bought some at .31.
A 90% drop from the top of 2.9 brought us to .31
A 95% drop from the top of 2.9 brings us to to .15 or so
You would've been risking a -50% drop for a potential gain of 1400%+ R/R ratio of 29 (you can check by hovering over the long position: green & red chart)
Now I'm a big fan of DCA. let's say you decided to buy at .31 and it did go lower into a -95% drop. This is the perfect spot for you to add more into your position.
Not only did you get some for the above R/R ratio of 29 now you got some for even more. A -95% drop is normally the highest all coins drop, not many go much lower than this.
With a -95% drop your R/R ratio is 35. I've placed the stop loss at -98% cause I've seen some coins go there. Your potential gain from here is 3500%
Now you're adding your first position with second position. For these type of gains, the risk was very little.
Currently we're at a -69% drop from the top according to today's price. If we ever go near the prices of the above, God has given you a second chance. From today's price
your R/R ratio is 4.5 (437% gains) with the stop loss being under the -95% drop. The gains you potentially could've made has already gone down by tripled. The risk of buying here is still not bad, but
the once in a lifetime opportunity has already gone by.
The wave projection on this chart is based off of wave 1 and wave 2 already being made. Wave 3 target is an estimate of where the next bull run may take us. I tried to time the wave accordingly to the timeline, however,
Elliot waves cannot predict time. Chart timeline is based off of the bull cycles in the crypto market. We normally get 2 years bull & 2 years bear that corresponds to bitcoin's halving events.
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