*UPDATE* WANchain EW count...so far so good
5/10: Current EW count for the WAN and only...
- waiting for peak of B wave for confirmation (also to form HnS)
- then the break of HnS neckline/ 0.382 fib for further confirmation
- looking to buy between the 0.5 and 0.618 retrace (if it ever retraces that far)
- New to EW, so any corrections/criticisms would be much appreciated! Thank you!
5/11: *UPDATE*
- Corrected the subwave count of wave A (shoutout to @fiberoptimist for catching that)
- Giant HnS still in play, but way too soon to confirm
- BTC dumping and taking everyone for a ride
- Broke support HnS neckline most likely due to BTC
- wave A bounced right off 0.5 fib as expected and now working on wave B up
- wave B looking to backtest neckline support and could go as high as 9200-9400 sat before starting wave C down
- potentially looking for entry <7400 sat
***Just a friendly reminder to be careful out there when BTC is on the move***
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- waiting for peak of B wave for confirmation (also to form HnS)
- then the break of HnS neckline/ 0.382 fib for further confirmation
- looking to buy between the 0.5 and 0.618 retrace (if it ever retraces that far)
- New to EW, so any corrections/criticisms would be much appreciated! Thank you!
5/11: *UPDATE*
- Corrected the subwave count of wave A (shoutout to @fiberoptimist for catching that)
- Giant HnS still in play, but way too soon to confirm
- BTC dumping and taking everyone for a ride
- Broke support HnS neckline most likely due to BTC
- wave A bounced right off 0.5 fib as expected and now working on wave B up
- wave B looking to backtest neckline support and could go as high as 9200-9400 sat before starting wave C down
- potentially looking for entry <7400 sat
***Just a friendly reminder to be careful out there when BTC is on the move***
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- Bounced off the lower red trend line as expected
- could possibly see a break up to 9200 still before starting wave C down
***This is one of many Elliott wave counts and most are more bullish, so keep that in mind***