You mean BTC/USD correction? Sometimes you may expect one kind of correction, and it turns out to be another... but it may actually complete a wave 5... it started going down about two hours ago. Wave 4 didn't get to overlap with wave 1, so 5 may still happen. Something like this could still happen:
Spot on agreement Wave 4 in or developing w very high prob now for wave 5 down BTC. Uncertain as the degree of down but retest was warranted and is happening. Less confidence for Blow out after this pattern development BTC doesn't even have to drop to level of last LOW preparing for reentry from USDThether in steps until ~time paints path picture ♨
@znog@Haejin I just fixed the @RDD Coin graph, but I am unsure wether this graph indicates the jaws of wealth or death. Your response is highly appreciated!! Thank you guys
You really want @haejin's answer here... but anywa, I'll give it a try:
looks like a upward trinagle to me. That means the minimum target is the green vertical, which is equal to the "short leg" of the triangle, moved to the tip. Like following the arrow in my graphic. Then I think triangles happen in abcde waves... which, by the way, don't really need to hit the sides.
Now, if it breaks downwards through the hypotenuse, it probably goes back to where it started, but any break must be decisive... otherwise it may be a bullish/bearish wick.
Take it with a grain of salt: I'm still learning. Just check my blog to see two misserable fails!
Also, english is not my native language, so triangle parts translation may be wierd.
Thank you @znog! I hope @Haejin will have the time to give us his insight! I'm sure that @Haejin receives millions of questions everyday... Hope you notice this @Haejin !! : ) Thank you for all of your lectures and continuous guidance!
Could also be a massive correction, in that case we're still in the B of it, and the C will bring BTC to 8k$-10k$.
Anyway there are 2 main paths : correction done and direction is up to more than 20k$ or still in correction that can go down to 8k$, then up to 20k$. What I will do : Just hodl and buy some if it goes down to 10k$.
I'm not an experienced trader, so there is a high probability that I'm wrong, but to much money is coming in crypto so it will go up anyway ... Just hodl if you do not know what you're doing, that's what i do. And do not blame anyone if it goes the wrong side, you're the one that trigger the buy/sell button, that's also my way of thinking and should be THE way any trader think (unexperienced, experienced, bad, or good one)
You mean BTC/USD correction? Sometimes you may expect one kind of correction, and it turns out to be another... but it may actually complete a wave 5... it started going down about two hours ago. Wave 4 didn't get to overlap with wave 1, so 5 may still happen. Something like this could still happen:
Spot on agreement Wave 4 in or developing w very high prob now for wave 5 down BTC. Uncertain as the degree of down but retest was warranted and is happening. Less confidence for Blow out after this pattern development BTC doesn't even have to drop to level of last LOW preparing for reentry from USDThether in steps until ~time paints path picture ♨
@znog @Haejin I just fixed the @RDD Coin graph, but I am unsure wether this graph indicates the jaws of wealth or death. Your response is highly appreciated!! Thank you guys
You really want @haejin's answer here... but anywa, I'll give it a try:
looks like a upward trinagle to me. That means the minimum target is the green vertical, which is equal to the "short leg" of the triangle, moved to the tip. Like following the arrow in my graphic. Then I think triangles happen in abcde waves... which, by the way, don't really need to hit the sides.
Now, if it breaks downwards through the hypotenuse, it probably goes back to where it started, but any break must be decisive... otherwise it may be a bullish/bearish wick.
Take it with a grain of salt: I'm still learning. Just check my blog to see two misserable fails!
Also, english is not my native language, so triangle parts translation may be wierd.
Thank you @znog! I hope @Haejin will have the time to give us his insight! I'm sure that @Haejin receives millions of questions everyday... Hope you notice this @Haejin !! : ) Thank you for all of your lectures and continuous guidance!
YES!!! IT exploded!
Holly s**t!!!
Don't sell, this is a minor pump, not an explosion.
Could also be a massive correction, in that case we're still in the B of it, and the C will bring BTC to 8k$-10k$.
Anyway there are 2 main paths : correction done and direction is up to more than 20k$ or still in correction that can go down to 8k$, then up to 20k$. What I will do : Just hodl and buy some if it goes down to 10k$.
I'm not an experienced trader, so there is a high probability that I'm wrong, but to much money is coming in crypto so it will go up anyway ... Just hodl if you do not know what you're doing, that's what i do. And do not blame anyone if it goes the wrong side, you're the one that trigger the buy/sell button, that's also my way of thinking and should be THE way any trader think (unexperienced, experienced, bad, or good one)
Hold and buy if goes down is what @haejin calls laddering in. Good choice.