Putting in a 5th of the a of the Y. Looking for an 3 wave a-b-c (larger degree b) out of the a then 5 waves down for a c, confluence zone around $4,000 +/- 400.
Fib pull from Feb. 2017 to highest point in Dec. 0.618 is around $550, that is assuming a giant 5 wave correction is complete and tapped the 0.618 Feb. 2018. It is marked in blue.
Fib pull from Feb. 5, 2018 low to Feb 17th high., assume 5 wave complete, bottom in at $555, we are just shy of the 0.618. Marked in blue also. ~$720 and also corresponds to the 0.5...
My method and key metrics I check before entering a trade or even getting too technical with the chart. You know: Why would we set ourselves up for failure?
I thought I'd share this with my friends, and why not make it public too.
General coin info.
Does the project have a whitepaper and exposed team?
Is the developer still involved?
Is the team...
Building on last idea and cleaned up chart . Same information as previous (linked) except a few extra confirmed pivots. Stop moved up from 0.0368 to 0.0398, assuming a 1-2 is in and another 1-2 (small) is being put in, stop under the 0.786 of the smallest, most recent 1-2. As with all alts, upside movement is most often associated to non "crashing" of the big 2,...
Working above the large step change, I count 1 completed 5 wave with 1 completed correction. The next 5 wave impulse is building, we are in the 1-2 of the 3. Reload at smaller 2, sell at smaller 5, reload at larger 4, sell at larger 5. Looking for a pivot at around 0.0375 to increase the confidence of the count (that is vs. loading up at the larger 2 - completed)....
