Aids
ENZC Elliot Wave ProjectionWave 1 is the start of a bullish trend, it is SUPER hard to catch, usually everyone is pessimistic on the stock and nobody believes the move that its making.
Wave 2. where we currently are and possibly just finished.... usually has lower volume than wave 1, The price usually does NOT go below 0.618 fib retracement line (which we haven't) :), however sometimes but rarely it does.... The price usually falls in an ABC type of wave, which we currently saw last week. Phase 2 is where the shorts try to take over, the bears eat away at the ones scared to hold onto profits as we attempt to retest phase 1 lows. If you follow charts we ALWAYS retrace and test an old resistance like where we fail and drop harder, or buyers come in and we make the previous resistance a new support.
wave 3 THE EXCITING WAVE!!!!!!!! Usually the most POWERFUL and largest wave in a trend. (some would argue wave 5 is, but not necessarily true... Wave 3 - the news is now POSITIVE and fundamental analysts start to raise earnings targets and estimates.... *prices rise quickly and corrections are short lived. Anyone looking to get in on a pullback will likely "miss the boat" Wave 3 OFTEN extends wave 1 by a target ratio of 1.618 aka the GOLDEN POCKET!
MU Re-moonCurrently fairly bullish on MU. Currently at previous consolidation level
My assumptions are based on:
-FUD on price fixing and effects of trade-war has already been priced in
-Fairly oversold stoch RSI
-Consistent demand of flash memory products
-Good volume and bullish response at this price level
-High volume sell-off absorbed well over past 2 days (sept 12/13)
I'm playing this as a longer term position and currently not interested in using call options due to risk of getting kicked in the ass by theta decay.
Expecting consolidation at this price level before (hopefully) moving up
What if megamoon may canceled? [BEAR IDEA]Since April 19th (and fairly apparent by the 11th) BTC is looking quite like a textbook example of Wyckoff distribution. The most recent pump after bottoming slightly at 8.2k seems like possible throwback, and will be adding more to my short from now till 8.7k. Will market eject at 8.9k.
Coindesk Consensus is next week and so it this will either be a mega fomo bulltrap or I'm an idiot and will need to throw some eth for some KYS: killyourself.network.
NAUT/BTC The dead shitcoin pump part 5.NAUT is one of the most dead shitcoins on poloniex.
Still will pump.
9 MORE SEASONS MORTYYY