Long

Updated

Pepe Selling Pressure Dont give In

Hey guys, a lot of selling pressure with Pepe (possibly BTC - not looking)... Hold fast

Trade active

I dont think you'll see pepe below 0.00001455

Trade closed: target reached

Until we've hit 0.00002734 first

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If this was/is the low and we get an impulse move up this is a very probable invalidation of a 3rd wave down.. And instead a truncated Wave 5. Learning, I'm learning.. its a moving target because Waves are only meant to be based on emotions and market conditions. So, lets see what happens next. As I see it, were in a truncated 5th Wave down until the most recent lowest low is breached. The level I said in my previous comment. I need the weekend to do some analysis but so far with the strength in the market trend (overall) and BTC/USDT .. it looks like a truncated 5th wave.

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Seatbelts! :D

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Seatbelts in this (and just eyeing it out) as mentioned ... 0.00001455 were in the 3RD WAVE! 3rd Wave the largest of 5! Dont mean to sound bullish but I am! 3rd Wave baby! Based on what is happening .. this is it. Seatbelts!

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Wave 3 for BTC/USDT as well! F***K it all makes sense now! :D

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Take out the VAL from ages ago and its end game! Demand will kick in and forget about waves. Somewhat of a short squeeze.. I recon. I'm an amateur.. what I think. 0.xxxx1541 break that and flip to support. Game over ... Pepe way undersold. Lets see, maybe I"m too .. gees as a technician cant even think of the word.. the other word for non technical .. erm.. anyway, sometimes its not good to be too technical. See what happens

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Personally "Seatbelts: as mentioned earlier. Resistance is futile.

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0.x1685 seems a big resistance.

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But I dont think a show stopper. The show stopper will be at 0.00002159.

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Depends what Wave were in .. need to calibrate. Spend some time in the charts. ATM flat 5 Truncated 5th wave. Could breeze through that .. and support.. Dont know! Yet!

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You guys must be thinking.. this guy talking about higher levels already ... I cant believe it myself .. it is what it is... :D

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Seatbelts (required if 3rd wave)

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Apologies, technically weve either completed the 3rd wave into four or flat (truncated 5) in the corrective wave. No way to tell until it plays out. Or until I read further in my book and see probabilities. Either or.. its going up

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Its late no sleep and from what I've learned I think its more probable that we just hit 5th wave end. The price fell just below the last low. Which would make the previous low before this one Wave 3.. the last high after that Wave 4 and this previous low Wave 5 end. Now ABC corrective wave.. I'm not sure how to connect waves when they end corrective waves, its not clear in the manual's :D

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Also what I take from Elliot Waves personally is that they are based market physiology. Therefore should be used as a guide and not as a blue print. Blue print being a replica of what will happen. Small print subject to change :D

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More of a sketch than a blue print.. Fibs are awesome though .. <3

hmaroudas

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hmaroudas