SC/BTC

By WealthMurphy
Updated
Ichimoku:
We broke the daily cloud and we are retesting it.
We didn't touch the 4h cloud but we are heading in 2h cloud. Also, we are under hourly cloud but it seems that we have a chance to break it in a day or two.

MACD:
Daily looks good, on 2h it seems it tries to reverse and on 1h it is still above.

Stoch RSI:
All except daily look good

Elliot Wave:
It seems that we are at step 4 at current wave withing a wave. It really seems that all this move can be the first set of a larger wave.
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Candlestick:
Atleast for now, we have only 2 red Heikin Ashi candles on daily.

First target is at 1.272 fib as it perfectly matches the last wave (wave 3 length). But personally I think it can go alot higher even that we might encounter some resistance there. It is an old support and resistance area.
All targets match fib levels but also old support and resistance areas.
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This is an update for
SC/BTC PLNX
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On the lower timeframes (less than 6h) we are in the cloud or heading to the cloud.
But on higher timeframes 6h and 12h we have no resistance ahead.

It really looks that it needs to consolidate a little bit more before it jumps again.

Also even there will be a run, we might not touch 0.000006 on this wave set.
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Trading above 15m cloud
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and touching 3h cloud
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The blue box represents a good buy area
Trade closed: target reached
All targets reached but can still go higher.
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WealthMurphy

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