Get started

Wanbtc

BTC - What's going on? !!!??Hey everyone, More in depth chart above ^^^^^^ So it looks like BTC -4.21% had very harsh sell volume kick in at the 61.8 fib region of the previous downleg. I spot this leg to be an ABC upwards, with a very slim chart of it actually being a 5 wave impulse upwards. This is because when I counted those waves on this leg up, they all painted 3's with a last leg extension. This means that lower targets are more likely to be in play & we fit into our common glove - WE ARE STILL IN A BEAR MARKET. ***The previous down leg we've had this past week therefore is likely to be a first wave, this bounce wave 2. This means, yes, wave three is highly possible. It can be discounted of course, but please keep this likely scenario open. I'll keep it quick. - A movement back up above 7.2k will validate a bullish movement. - A movement below 6.6k will validate a more bearish count. Time frame? Uncertain. And - do not play to predict the future. Play as if you are ready to enact plan A. Or plan B. Do you have either? If you have anything to share as always, please comment below.
by IdeasTrading1
WanChan Update - Does it have gas? Possible reset in order-Wanchain 3rd wave complete. -5th wave always uncertain, but fomo is strong. Bad setup for new trades right here. -MacD dangerous, RSI is looking like it has had 3-4 elliot waves down. A full reset would have it have one more fifth wave down and move sideways. This would be a good confirmation signal. -Bouncing of EMA -Has run hard and quickly, wave 2 retrace was deep so wave 4 understandably would be more shallow. Trend analysis sentiment is therefore very neutral. But risk is 5/5. It is a hard trade to take at these levels. If BTC confirms a move above 715, Wan is likely to run a target of 57 but then see a v forceful correction of around 10-20% If you are taking the trade at 54, a stop loss should be set a 5k. This makes the RR almost 1:1. Making it a very bad trade to take at these levels. Therefore, if you are desperate to buy (for short term investors) portions can be bought but NEVER your full trading size with a RR such as this. I would personally ladder down. MACRO TARGETS FOR PEOPLE WHO GOT IN EARLY REMAIN AT 58-6K.
by IdeasTrading1
Pennant - Short Term TargetThe concept behind the flag and pennant patterns is that the momentum seen during the flag pole phase could continue once the pattern completes. Therefore, measure the size of the flag pole, then add that length to the bottom of the flag/pennant for bullish patterns. Lets see how does WAN respect TA :) Sell price target: 0.00059782 TBH, I wouldn't be surprised to see another flag or pennant on the above level. - Prepare some popcorn, I hope to have some fun here finally!
Long
by varos
New Coin! BinanceShort write up but you have seen me post these same set ups before, we buy the first candle to close outside the channel (green solid line) Stop loss is set just below this green solid line. Targets are green dotted lines, these new coins attract attention when they break and are fast movers. You have seen this with a number of new coins we have now traded together. Coin is currently building up nice momentum this tells us we will break high BUT we don't buy until its confirmed. With BTC moving around we need to buy confirmations more then speculations. Cash Is King!
Long
by Cash-is-King
4