XRP Elliot Wave...What do you guys think?
Wow today has been a rough day for me......Would have loved to have shorted but was scared even though the signs were out there. I have been in this same situation before. It goes down and i dont short. Then, while we are at or close to bottom, I start trying to play around with a couple of coins only to get stuck buying in later at a higher price. (I think they are watching me!)
Question. The first run up to 3.50 I assume can be wave 1 of Elliot Wave which would put us at wave 2 or 3. If we are in wave 3 that means bottom has already been met 56 cents.Which would be great cause wave 3 is impulse wave up and is (usually longest wave.)
If we are still in wave 2 we can still go down from here because it would have to be lower than 56 cents!?!?
I guess that is the million dollar question.
I am leaning more towards wave 3 because I feel like wave 2 is usually shorter than wave 1. But at the same time the way the market(S) are going I feel like there is more downside. Id love to see what you guys are thinking
Kindest regards
Question. The first run up to 3.50 I assume can be wave 1 of Elliot Wave which would put us at wave 2 or 3. If we are in wave 3 that means bottom has already been met 56 cents.Which would be great cause wave 3 is impulse wave up and is (usually longest wave.)
If we are still in wave 2 we can still go down from here because it would have to be lower than 56 cents!?!?
I guess that is the million dollar question.
I am leaning more towards wave 3 because I feel like wave 2 is usually shorter than wave 1. But at the same time the way the market(S) are going I feel like there is more downside. Id love to see what you guys are thinking
Kindest regards
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