ETCBTC - Deep 4th wave Fib Retracement & 6.6 R:R for 5th
ETCBTC pair on 30-minute chart
Using Fib Retracement on the 3rd wave, the 0.618-0.65 pocket for the 4th is likely to be around 210,000 satoshi (0.00210000). This would be a good buy position for the fifth at 255,000 satoshi (0.00255000) with a stop limit just below the 0.786 which is not far from the 0.65. The Risk to Reward here is 6.6
I think this is worth a try.
Note :
This is not an recommendation, just an observation and experiment with wave analysis projections.
Using Fib Retracement on the 3rd wave, the 0.618-0.65 pocket for the 4th is likely to be around 210,000 satoshi (0.00210000). This would be a good buy position for the fifth at 255,000 satoshi (0.00255000) with a stop limit just below the 0.786 which is not far from the 0.65. The Risk to Reward here is 6.6
I think this is worth a try.
Note :
This is not an recommendation, just an observation and experiment with wave analysis projections.
Trade active
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Is this the end of the 4th wave and about to start 5th wave up? Note
The 30-minute chart and ABC correction of the 4th wave identified 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.