Using all tools that tradingview offers can for cast why BTC can be the digital gold standard! I wanted to look at BTC on a monthly perspective. I leant Fibonacci and Elliott Wave theory from watching #tradedevils youtube channel. I must say, to the whole channel of Elloittians, thank you!
Retrace to 23,0 for a wave 4. Or wave 1 is in, and we do some knife catching at 0.50-0.62 fibonacci wave 2. Be safe all my degens!
$10K sure has a nice ring too it! 5-3-5 A wave finishing with a 1:1 ratio 5 wave C. Absolutely.
Weekly chart is having very positive indicators. Added to my position.
Metropolitan Commerical Bank has partnered with Crypto.com. Crypto.com(MCO) offers a great mix of cryptocurrency tokens and its own on-chain CRO. Joining together making an interesting mix of crypto and the use of VISA card.
Major confluence at $7000 region. 3D chart showing cross 100/200MA, 0.65 fib, and 0.618 RT from Wave 2 to Wave 3 of Y. Backing the truck up here folks.
Crypto.com has found a little footing. Its only the first wave up; be patient. Need to finish wave 1 to get a bead on 50% RT for wave 2. DYOR.
If we stay true to EW, we are on Wave 1 of the 3rd of the larger degree, currently in Wave 2, expected to RT to 0.50% (probability is 40%). RT to 0.618 (probability is 30%). No wicks.
Elliott Wave post: 2 of the 3rd or the 1 of the largest degree.