Marketcycle
Another day, another ATHSome fractals + an elliott wave cycle in the making in a big ol' wedge. With the bull market we are in these setups keep showing themselves
My strategy is to take some profits slowly on the way up and set buy orders to catch the dip, I like to watch the tape as ATH is passed to keep a pulse on the momentum. This strategy helps build a hedge with fiat and avoids being greedy in these volatile markets.
PAY Market CycleSeems like it is in the depression phase
1-2H Stoch RSI is on floor however higher time frames are curved down at oversold
We need to watch if it breaks the blue trend line with volume and red trend line
Will BTC obey the Elliot Wave market cycle?Will BTC market follow the Elliot Wave cycle which governs the financial market? It has completed the first 5 wave as expected (My last post) and we're seeing the price is stalling at the 1.270 extension (5th wave completions)..
I am eager to see if BTC will obey the Elliot Wave rules. If the structure holds, we're likely to see BTC drop down to $3,000.
GOLD - Starting to Break Out from it's Down TrendGrowing political & market instability will cause $GOLD to regain traction as the new market cycle begins.
