Chart Pattern: Triangle correction Wave Analysis: Ongoing wave iv of III of 3 Target Price: 16 USD Note: This needs a catalyst to pump the price
Chart Pattern: Cup and handle formation Strategy: BTFD + Stake (accumulation/waiting game) Catalyst(s): Release of Metapolis this Q1 202 | L1 storyline
There are 3 possible scenarios: - double bottom at $30k - break of $30k then a long wicked wick closing - break of $30k and a prolonged dump until 2.618 or 3 FIB However, as per BTC's DNA, it doesn't go below its previous blow-off top, which was $20k Please note that this whole drop is probably just wave A of 4. Most likely, the BTC correction would be a...
Pullback from the breakout point Ongoing wave iii of 3 if ever The pump of $UNFI might depend on the bullishness state of the $BTC
- Buy on breakout - Ongoing wave iii of 3
- Ongoing handle formation - Needs more volume / hype / catalyst - Wait for the breakout
- Broke out with volume from cup and handle formation - 3200% up since the March 2020 drop - Buy during pullback
DAILY TIMEFRAME - Ongoing wave i of 3 - Buy on breakout - Trading volume is quite low; needs catalyst HIGHER TIMEFRAME - Cup formation
- 5 waves up completed + bearish divergence - ongoing V of A (probably till 9000 area or 0.236 FIB)
- 5 waves up with 3 daily bearish divergence means it is time for correcting - currently an ongoing A correction till 250 to 200 - short if it breaks the blue channel
- currently correcting - looking to open a long position at 100 area as long as there is an intra-day bullish divergence