teiseman
This rally started too soon on the heels of the massive 3rd wave, therefore it is likely near it's end. MACD is weak, overbought, rampant enthusiasm and bulls. These are indications of imminent correction. The optimistic targets are unlikely to be hit. Notice, we are above the upper trendline now- typical of wave 5 nearing completion. Wave 5 has...
We expect a 5th wave up to complete an impulse wave off the low as a triangle preceded the last major downwave of the bear market, therefore an impulse wave up is likely. Points to note in impulse wave off the lows: Wave 2 was flat and long in time. Wave 4 is sharp and short in time. Wave 3 is 4.23 of wave 1. Wave 4 is fib 38.2% of wave 3. Likely Wave 5 in...
wave 2 has been a flat correction. We are in the buy zone now. A=C symmetrical legs target is 3500. Wave 3 up is imminent.
wave 3 still in progress. We are near the upper end of the range, but it will probably take a few more days of bullish action before we take profit and prefer to hold BTC.
5th waves are often equivalent to the lengths of waves 1-3. Sometimes they are 1.6x the length of waves 1-3
5 overlapping zigzags in contracting triangle to new low. Bullish
Triangle precedes final move in the sequence. Thrust completes the sequence. We have larger ABC correction, now time for impulse wave up. BUY BULL BUY
LTC for 27 bucks for realz??? they must have lost their minds my bros! is that a channel breakout I see?
EDT and underthrow indicate EXHAUSTION of down trend and impending rapid price reversal. Get to high ground with flask of vino tinto and watch the RUNNING OF THE BULLS!!
EDT complete. prepare for rapid upside to 12k target. Back up the truck.
C wave of UBEAR correction has completed as shown previously. Close shorts and build massive long position.