Updated

ONTBTC possible big trend? be prepared

From
- Candles break out from falling wedge and retrace to the support line.
- MACD
- RSI
- WT Cross

we can see those were indicating the starting of FIB waves.

note: we are seeing something similar on QLCBTC chart too.

Note

Considering big wave 2(corrective wave) is gonna land at 0.382% retracement with wave abc(adjusted in the updated chart below).

I think we are soon to start wave 3, be prepared:

Note

stay with original posted ideas structure for corrective wave A B C. wave C is yet to finish.

once it is completed, we would start big wave 3.

Note

ONTBTC is waving up. this could be

1) the starting of the big wave.
or
2) another wave B like what XVG did.

either way, the first target shall be around end of wave 5.

I think it is more likely to be 2)- wave B. so once it is up till end of wave 5. it shall retrace back to around end of wave 4. that shall be the position of wave c=1.27 of upcoming "wave B".

Note

we are on the corrective wave c to finish wave 2. then prepare for big wave 3.

Note

big wave 3 starts

Note

pink target reached. going for retracement. get updated charts here:

ONTBTC movement after correction - starting of big wave 3

Note

Danger alert!

what we are now on could be a big retraced for the completed big wave 3! instead of new big wave 5!

if it is big wave 3 then the retracement is expecting to reach 0.0093 @ 0.382.

Note

updated chart here, follow this one:

ONTBTC possible trend high target -v3 - pink or light blue?

miaomiao18

Related publications

ONTBTC possible trend?

by miaomiao18

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.