INTERPRETATION Wave 5 bull run not exceeding Wave 3 to complete Motive wave before initiation of Corrective wave. If current interpretation holds true, consider next entry end of correction. *Caution: Elliott Wave predictions have not been completely developed.
CAUTIONS/CONSIDERATIONS - Recent T&K bear cross may drive price lower. Looking for T&K bull cross to confirm upward momentum. - Price-T&K ambiguous. Looking for price to go above T&K for Price-T&K bull signal.
POSITION Entry @ 2600 (Target ~3000)
Bình luận
⋅
*CAUTION* INTERPRETATION Be extremely cautious of a truncated 5th wave. This kind of regression cannot be predicted & is strictly on the comfort of the investor. This kind of bull market truncation will result in a premature price decrease secondary to an early correction phase than what was anticipated.
CAUTIONS/CONFIRMATIONS -1-Hour Interval: Price currently within cloud will determine momentum/trend. Where the price exits (above or below) will help determine next action. Assuming T&K bullish signals, price return above the cloud will provide confidence in bullish run. Price breakout below cloud will likely result in bearish downward movement. Current buyer-seller opposition is about equal. Both volumes are decreasing at similar rates but selling wall seems slightly higher at close prices. -5-Minute, 15-Minute, 45-Minute Intervals (not shown): Price currently attempting to enter/breakout of cloud from below to enforce bullish momentum. -4-Hour Interval (not shown): Price currently challenging cloud support from above & has not entered. T&K lines are overlapping and cannot be interpreted accurately.
POSITION Exited 1/4 shares @ 2600 (net loss from fees)
Đóng lệnh: dừng lỗ
⋅
POSITION Closed @ 2450 (Stop-Loss triggered) Net @ -5.8% loss
INTERPRETATION Poor interpretation & analysis. Knowing the foundation of coin does not translate to understanding its volatility.
I've found that TA is not reliable with the current BTC volatility. As soon as BTC makes a significant run or drop it disrupts the patterns of most alt coins. Your TA looked great under normal conditions. This was looking like a perfect Elliott wave formation.