engelandertje

QSP/BTC - Thanks Elliot, last bullish wave coming

BINANCE:QSPBTC   Quantstamp / Bitcoin
After last night's outbreak we have seen another consolidation area that ends up in a triangle, indicating that there is another outbreak possible. This is consistent with Elliots 5 Waves as we would be approaching the end of point 4. Last night's outbreak also proves to be a good second wave in Elliot's theory, given that the bullish move was nearly 100% verticle.

Target towards 5500 but this is a very hard assumption to make.

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*You are the decision maker in your trading, I cannot be held responsible for your losses
Bình luận: Not sure what is going on here. Both BTC and and QSP down..
Bình luận: Dip was slightly longer than expected, but upward movements expected. When the a candle closes above the resistance it is facing right now (4800) we should expect to move towards the 5500 : )
please try charting upcoming reversal after consolidation
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Thanks, keep us posted. nice analysis.
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So what do you think right now? QSP dumped to the 4600 Satoshi. Do you think it has another pump to the 5500?
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engelandertje alirezasohi
@alirezasohi, yes I believe so. Looks like we are consolidating power to move up: my next exit is 5500 with stop-limit around 5900
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netrin engelandertje
@engelandertje, I completely agree with those targets. I found the same independently. If trends continue, I wonder if it would hit ~7200 by Jan 25?
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Thanks for your input. This is helpful.
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