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CTSI power wave incomingAll across the crypto space, we have been grappling with an EWT wave 4 consolidation since the summer time. It has provided fantastic entries for those late to the game. I am of a firm belief that this window is now shut, and the final W5 to finish this cycle is beginning. If I were taking a guess at the ST trade, I think we mirror the last 15 day cycle based on daily RSI, and spike out today and tomorrow. the last spike, to me, represented the W1-W2 signal that consolidation was over. This is the beginning W3 impulse of the 5-wave move upward. W3 is the most powerful wave, as the disbelief of W2 has been shaken and now is time for broad participation. What is super encouraging to me is the fact that the broad market selloff did relatively no damage to this chart. Volatility is expected with some spike trading opps for sure, but it should be a really solid hold from here into Q2 2022. Good luck! (my personal trading with this was to sell 50% on the last spike, and reposition at the 1.00 psychological level. I re-employed the profits at 0.97 and will not sell again unless the spikes are obviously going to retrace. Retracement will become less likely with added participation)
by ptero1492
7
EURAUD Starts selling-off Its In Wave 3 PhaseEURAUD seems to be in a wave 3 phase less price will continue to the downside. Wave 3 is normally a wave that extends the most with very fast price action. One way to measure wave 3 is by the use of the Fibonacci extension tool, we will wave 3 starts to unfold soon. We are currently in wave (5) of a higher timeframe hopefully price will move down soon it will be very interesting to watch. How I like to look at wave 3 is by referring to wave 1 price if wave 1 was slow and choppy then that means the wave after wave 2 is wave 3.
Short
by Weshareio
Picture Perfect Cup And Handle?Given that the market structure has been pretty weak lately, if we print another rounded top on our way up to hit the cup and handle targets, ill probably scale almost 100% out of the markets. We've been banging against overhead resistance in the middle of this channel for some time now and i would expect a pretty substantial drop after this next leg up. Obviously nobody knows where the next top will be but i'm aiming at 80-90K, it may break up it may break down, keep your eyes on the charts and trade accordingly. Its good to note that as we near, what i am looking at as getting close to, the end of the cycle remember to pull profits frens. You haven't made any money until your profits are actualized. And as always, Good Luck And Safe Trading.
CRYPTOCAP:TOTALLong
by CapitulationCalls