ALWAYS LOOK AT COINS IN RELATION TO BTC. NEVER TRUST SOMEONE WHO DOESN'T LOOK AT THE RELATIONSHIP TO BTC.
THE CHART IS INTENDED TO BE ZOOMED IN ON TO SEE CERTAIN POINTS. PLEASE DON'T KILL YOUR EYES LOOKING AT THE SPECIFICS OF THE ZOOMED OUT VERSION.
See what BTC might do before thinking about buying any Crypto. I believe in trading when BTC looks good to bounce (continue/end current trend)and using BTC as the base-point for buying into and out of alts. Coins may trade on their own TA, but more than not their TA will be effected by BTC. Due to the severity of the big trends possibly ending.
I feel like the chart is pretty straight forward. Some things that pop out at me is the level that has been consistently held after the pump up. I am slightly worried about the pattern that is forming, but it would be setting up for a very nice movement into a 3 in regards to Elliot Waves.
The bounce off the .5 retracal goes along with Bitcoin's bounces at 7450-7300 and makes sense that it would jump high. The big jump to me means that people are waiting for BTC to hold its current trend and want to get in the second it looks good. Which to me gives opportunity to buy in and put a sell at the .618 and possibly be sold out without the average price reaching that level. Essentially selling for a ~5% gain and able to buy back at the buying level.
It is hard to tell right now, but i would probably give this coin a 7/10 in regards to shooting up if BTC can hold its trend and not fall under ~ 6.8k
I would be concerned if this passes under the .5 retracal. The lines under are rough estimates of where it may fall to if it falls under the .5. More than using them to find a buy point, use it to look at this as something possibly on the edge of the cliff.
3150 and 330 seem like great buys, but we willll see if it even gets that low.
THE CHART IS INTENDED TO BE ZOOMED IN ON TO SEE CERTAIN POINTS. PLEASE DON'T KILL YOUR EYES LOOKING AT THE SPECIFICS OF THE ZOOMED OUT VERSION.
See what BTC might do before thinking about buying any Crypto. I believe in trading when BTC looks good to bounce (continue/end current trend)and using BTC as the base-point for buying into and out of alts. Coins may trade on their own TA, but more than not their TA will be effected by BTC. Due to the severity of the big trends possibly ending.
I feel like the chart is pretty straight forward. Some things that pop out at me is the level that has been consistently held after the pump up. I am slightly worried about the pattern that is forming, but it would be setting up for a very nice movement into a 3 in regards to Elliot Waves.
The bounce off the .5 retracal goes along with Bitcoin's bounces at 7450-7300 and makes sense that it would jump high. The big jump to me means that people are waiting for BTC to hold its current trend and want to get in the second it looks good. Which to me gives opportunity to buy in and put a sell at the .618 and possibly be sold out without the average price reaching that level. Essentially selling for a ~5% gain and able to buy back at the buying level.
It is hard to tell right now, but i would probably give this coin a 7/10 in regards to shooting up if BTC can hold its trend and not fall under ~ 6.8k
I would be concerned if this passes under the .5 retracal. The lines under are rough estimates of where it may fall to if it falls under the .5. More than using them to find a buy point, use it to look at this as something possibly on the edge of the cliff.
3150 and 330 seem like great buys, but we willll see if it even gets that low.
