✅PREVIOUSLY ON SHIBA The 5 waves after 0.00000510 is over at 0.00008854, which can be counted as 3(lime)
💡0...0 ↗️5waves(impulse)
💡1...0.00003528 ↘️long zig-zag 3wave(correction)
💡2...0.0000051(BUY) ↗️5waves(impulse)
💡3...0.0003528 ↘️simple 1wave(correction)*Rule of alternation
💡4...?(BUY) ↗️5 waves (impulse)
💡5=above 0.00008854
💡A...?
💡B...?
💡C...?
✅ WHERE WE ARE Given that 12(lime) correction was zig zag and long, 34(lime) correction should be simple and short.
As the previous idea, Fib(61.8) 0.00003697 looks like the good level to be bullish.
💡The reason why we are on the bearish trend. As long as the weekly candle is bullish, the daily trend is bullish as well. Conversely, If the weekly candle is bearish, the daily trend is bearish as well.
*As long as 0.00008854 remains unbroken, this idea is valid.
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