Wanted to provide a better view on how I see this market... Ive color coded the zones of bothe bull markets/their fib ratios with one another...
Currently we are looking for a correlation with the great depression :(
However, this is still a good opportunity to make money... I'm mainly going to be DCA between these fib measurements... These are the most likely...
If u know Elliot wave I’d reccoment testing that count lmfao. Essentially all ratios align perfectly not only through proportions between waves but also through history aligning with these shifts.
I provided two retracement which represent the potential pull down of this wave 4 we are most likely in. (The wave 1-3 ratio is 1-2.474 as seen by the blue dotted...
This count seems to align with the current state of the market if we are to continue into a recession/depression. The most likely retracement are with this count is around 4k
The above chart is my overall Elliott Wave count for BTC over the past few years, 2019 - Present... We've currently closed out of the wave 3 with the 5 wave count I put below confirming it... Next you have a wave W that is confirmed in a WXY move... The Y of this move is confirmed in an ABC... The Y of this move is yet to be confirmed. The original thought was...
- This Indicator charts the trends and shows good zones to buy and sell
Over Sold - When the Yellow line is within the bottom Green channel
Over Bought - When the Yellow line is within the top Red channel
*Pyramiding is used*
For Long entries - I personally wait for the indicator to show over sold, then I wait for the close to drop below the larger BB. ...
I was just searching through some strats and found this one. I put the penny stock chart to 1D and the OCC strat to 1 week. I haven't found a stock that you would lose money yet.
