Long
RDD C Wave
Correction/update from pervious post, the bounce at point C is already in process. RDD/USD does a 23.6% bounce retrace up to point D at .0069 USD while BTC does a 38.2% bounce retrace up to 8207 USD.
The target numbers remain the same as my previous post; however, it becomes all one target range and the points give us an upper and lower bound on the target range. The bounce spot at point E in the target range all depends on how far wave 5 will extend.
upper bound
RDD/USD 0.006 USD
RDD/BTC 77 Satoshi
BTC -1.16% ~ 7800 USD
lower bound
RDD/USD 0.0048 USD
RDD/BTC 66 Satoshi
BTC -1.16% ~ 7270 USD
RDD/USD is following BTC. The below charts on BTC/USD correspond with the upper and lower bounds I already calculated.
BTC is in an WXY pattern and in wave 4 of Y as shown here:
BTC target range is shown as between the .65 and .786 retrace in this chart:
The target numbers remain the same as my previous post; however, it becomes all one target range and the points give us an upper and lower bound on the target range. The bounce spot at point E in the target range all depends on how far wave 5 will extend.
upper bound
RDD/USD 0.006 USD
RDD/BTC 77 Satoshi
BTC -1.16% ~ 7800 USD
lower bound
RDD/USD 0.0048 USD
RDD/BTC 66 Satoshi
BTC -1.16% ~ 7270 USD
RDD/USD is following BTC. The below charts on BTC/USD correspond with the upper and lower bounds I already calculated.
BTC is in an WXY pattern and in wave 4 of Y as shown here:
BTC target range is shown as between the .65 and .786 retrace in this chart:
Note
this was an update of my previous post: 
Note
....aaaaand BTC still hasn’t bounced. Perhaps my first chart is correct; it certainly satisfies the wedge better!Note
!!!Alert!!!!if you blinked you may have missed that wave 4 bounce.
point E hit just a small hair above the buy zone - it looks like the bottom to me!
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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.