LOOM/BTC 1H WAVE III

5 thg 5, 2018

Heads up lads.
I believe we just finished Wave II correction (red arrow), as we touched 0.618 fib retracement and then bounced off of it.
Now it seems like we've started
- the Major Wave III
- the wave (1)
- minor wave 1 and minor wave 2 which I believe is also done correcting nad now we are heading towards minor wave 3.

Targets for the minor wave 3:
1. Blue - 1:1
2. Green - 1:1.618

Looks like we've also found decent support on the 8MA (BLUE) and now testing 21MA (RED) for another support.

5 thg 5, 2018

Ghi chú

Grand scheme of things and bigget targets for the wave III

5 thg 5, 2018

Ghi chú

LOOM/BTC 1H
21MA breakout confirmed (2 candles closed above).
Looks like we've found a decent support, the next target to break is 55MA (pink).

6 thg 5, 2018

Đóng lệnh: dừng lỗ

Apparently, correction was not over. We've reached the Golden Pocket area.
We might see more downtrending to come. Perhaps even down to 0.786 fib of tha major wave II.

7 thg 5, 2018

Ghi chú

Guys hold on tight.
As it seems to me it looks I was wrong. And it turns out to be more bullish than I thought.
We are in the wave 3 (no 5 as I thought).
That mean we should ride it till the channel resistance.