*UPDATE* WANchain ew COUNT...it's almost time
5/15/18 *UPDATE*
- If you've been following my Wanchain charts, you can see it's been moving as expected for the last week or so
- B wave looks to be complete, and C wave may be complete soon, but could dip further as it's hard to ignore the giant head and shoulders pattern playing out currently and BTC looking to make a move
- will look to enter some positions in my buy zone starting at 7500 down to 6500 as I don't expect this beast to dip too much lower than that before we start the next cycle up
- both RSI and Stoch RSI looking neutral to bullish on both 4H and 1D time frames
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
- If you've been following my Wanchain charts, you can see it's been moving as expected for the last week or so
- B wave looks to be complete, and C wave may be complete soon, but could dip further as it's hard to ignore the giant head and shoulders pattern playing out currently and BTC looking to make a move
- will look to enter some positions in my buy zone starting at 7500 down to 6500 as I don't expect this beast to dip too much lower than that before we start the next cycle up
- both RSI and Stoch RSI looking neutral to bullish on both 4H and 1D time frames
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Comment:
5?17/18 *UPDATE*
- All my buy orders triggered. Bags packed....ready for lift-off!!!
- We could see a dip to 6500 (0.618 fib), but the risk vs. reward setup right now is too big to care IMO
- fully expect this beast of a project to reach at least ATH by the end of summer and possibly a multi-billion dollar market cap as well (2-4x minimum)
- All my buy orders triggered. Bags packed....ready for lift-off!!!
- We could see a dip to 6500 (0.618 fib), but the risk vs. reward setup right now is too big to care IMO
- fully expect this beast of a project to reach at least ATH by the end of summer and possibly a multi-billion dollar market cap as well (2-4x minimum)
Comment:
Here's a zoomed in version of the chart above. If bitcoin dips to the $7700-7800 levels like everyone expects, I see wan taking a dip with btc as it has been following btc price action pretty accurately in the recent past. I've entered a small position already at these levels and will look to enter more if it dips.