In case of an Alt coin run
Dear team.
Considering the fact that we might be entering an altcoin run, i would like to advise that from Elliott Wave perspective, things might not be so clean and easy to predict.
Motive wave or clean impulse proceded by a clean zig zag 3 wave move into the golden zone is the easiest textbook example that is not happening as often as we would like.
There are moments where waves 2 might be done and we cant even recognise it.
Waves 2 are most of the time deep...BUT they dont have to be deep. When crypto goes, it goes strong
What i am pointing out here is ...
As Elliotitians, we want to pick our entries and leave the mouse and keyboard, and let the history print itself.
You can, however set your take profit areas because taking partial profits didnt hurt anyone.
What you shouldnt do, is assume that there is only one way of motive wave to develop and to try to outmart the market by trading every supposed move that you think you might see. Dont be a rabbit . Dont rush your decisions.
Especially trying to short potential corrections if you are strong biased that we are in the bull run.
In the end, turtle was faster than the rabbit.
EW= Turtle power/way of trading.
There is a potential (will repeat that its a potential) for some alts to go strong in this run. So if you had golden hands to hold them all this time, make those hands diamond and be patient with them rising potentially during the year 2024.
Considering the fact that we might be entering an altcoin run, i would like to advise that from Elliott Wave perspective, things might not be so clean and easy to predict.
Motive wave or clean impulse proceded by a clean zig zag 3 wave move into the golden zone is the easiest textbook example that is not happening as often as we would like.
There are moments where waves 2 might be done and we cant even recognise it.
Waves 2 are most of the time deep...BUT they dont have to be deep. When crypto goes, it goes strong
What i am pointing out here is ...
As Elliotitians, we want to pick our entries and leave the mouse and keyboard, and let the history print itself.
You can, however set your take profit areas because taking partial profits didnt hurt anyone.
What you shouldnt do, is assume that there is only one way of motive wave to develop and to try to outmart the market by trading every supposed move that you think you might see. Dont be a rabbit . Dont rush your decisions.
Especially trying to short potential corrections if you are strong biased that we are in the bull run.
In the end, turtle was faster than the rabbit.
EW= Turtle power/way of trading.
There is a potential (will repeat that its a potential) for some alts to go strong in this run. So if you had golden hands to hold them all this time, make those hands diamond and be patient with them rising potentially during the year 2024.
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