Long

Still waiting for ATOM's correction to join longs

Updated

ATOM and the whole crypto market now looks bullish, I'm still waiting for a complete correction to join longs. I was thinking that we might have an ending diagonal across many many charts, but now I doubt that due to many tiny details.

Even for ATOM the whole movement up looks like a complete impulse wave, and if we have an impulse it can only be a wave 1 of a bigger impulse wave. In general if we cross 17.20 it's a confirmed bull run with targets 26, 35, 44 and even 51 which highly depends on fed rhetorics.

Note

We might go even deeper and longer by time. The correction is ongoing, but I wouldn't buy here definitely.

Trade active

Actually we got a few crosses that make me think that correction might have ended. Going long

Order cancelled

Still going down. Closed. Waiting.

Trade active

Went long

Order cancelled

Note

10.65 is the golden zone of 62%, but there's no support which makes me think that might go deeper to 9.5-10.5 or 79%. Hopefully it doesn't take much time

Trade active

I went long once again at least for a short term. Ideally I would like to see going lower on a lower volume to the points I mentioned above.

Note

Short term long ended up being long term long.

Note

I'm going to hold long for a long term now, so there won't be any significant update from my side, only if things change.

Note

It looks like we are still going to go deeper, the zones I highlighted above 9.5-10.5 still look correct to me, there I'll be adding more to my position.

Note

If we break 10.3 then we are in a wave C of a flat. I'll post new chart soon if we do so.

nanfinance

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