IOTABTC on 4-hr Chart. Just sharing my thoughts on the possible next move....
Please do not use this as a recommendation to go into a trade. If you want please go into the details of the TA by yourself. Everything now depends a lot on BTC and Market Sentiment. We have seen so many impulse waves get shortened after the 3rd because there simply isn't enough volume for buyers to push. As a result the impulse becomes a failure wave frequently by Ending Diagonal and the Elliot Wave count is invalidated causing it instead to become an extended correction usually into a Triangle or Wedge pattern.
Please note : It is now in between the 0.786 and 0.618 so very likely this is still in a corrective move although it appears as an impulse 1st wave at this point in time.
Please do not use this as a recommendation to go into a trade. If you want please go into the details of the TA by yourself. Everything now depends a lot on BTC and Market Sentiment. We have seen so many impulse waves get shortened after the 3rd because there simply isn't enough volume for buyers to push. As a result the impulse becomes a failure wave frequently by Ending Diagonal and the Elliot Wave count is invalidated causing it instead to become an extended correction usually into a Triangle or Wedge pattern.
Please note : It is now in between the 0.786 and 0.618 so very likely this is still in a corrective move although it appears as an impulse 1st wave at this point in time.
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Buying opportunity with reasonable Risk to Reward ratio. Contrary opinions are welcome.
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NO SIGNS OF DIVERGENCE, BETTER NOT TO ENTER AT THIS POINT. I WOULD SUGGEST TO WAIT AND WATCH
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It's taking three weeks to get here.
Đóng lệnh: đạt mục tiêu:
Delayed . But Target Reached
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First Wave Retracement at 50% Fib, took a long long time to get here :-D