BTC Short 1:16 Risk Reward As this is a fake bull run and we are coming close to the end of May, we need BTC to close below or around $6,800. Today is the 30th, meaning we have today and tomorrow to fulfil volatile price movements to the downside over the next two days. This will allow Bitcoin to remain "semi-bullish" as the fake out value of 10-12k USD has not...
Well Icon was on fire today.!!! I exited just above the .618 level of my sub-wave 5 of wave 3 as I was expecting a wave 4 retracement. Cheers, Marc
Corrective waves are almost finished. We could see impulsive waves starting soon.
USDTRY has two potential movements from this point as illustrated.
There are 3 different ways that I see to label this wave down coming out of the correction. But either way, I don't see it as being in a running flat, but an ending diagonal to retrace. There is a very big demand zone here. I circled the 78% fib because I think that a good place to set a buy limit if it doesn't change its structure and it reaches it. it's breaking...
Elliot Wave: After its Dec/Jan rally over 36$, NANO has been subject to severe correction (over 90% from its ATH), as outlined by the WXYXZ pattern in the chart above. This seems to have terminated at around the 0.786 Fibonacci mark, assuming we chart by ignoring the wick, and only consider candle bodies. This Fib mark is based on the high of primary wave 1, or...
Nothing is sure, a potential comeback is always here....