Don't wait for long consolidation around the 4 hour 200 ema
As the LINK market is in an uptrend for a while now before retracing from its ATH, I don't expect it to consolidate longer around the 4 hour 200 ema as it did earlier. Instead I expect a bounce on it which can take it to 30000 sats and consolidate at that area to continue higher.
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It is actually that the bounce took it to 29k sats where it is consolidating now. Expecting a minor pullback towards 27k level before making a power move upward. Will be adding 25% more capital at 27k level. I entered this trade at 24k sats.Dagangan aktif
Limit order executed at 27k satsDagangan aktif
As this is last wave of LINK's bull run after which it will have a correction, the market maker will desperately try to push the price lower below 22.5k sats to consume more liquidity from the stops below. Be prepared for such a move. Do not panic sell thinking it will go down. Be patient. Strong trending markets like these do not generally reverse without a reversal pattern like a double top or triple top or wyckoff distribution or Head and shoulders., etcDagangan aktif
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Potential scenario. If you are a day trader you can catch both moves. I personally will not close and re-enter this trade at any instant till it touches 50k. This makes me do the TA correctly.Dagangan aktif
Looking at the big consolidation going on, It seems that we will probably be printing a red candle this week. A shake out before wave 5. We are currently in sub-wave C of the 4th wave. A look at the BNBUSDT market
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Some more TADagangan aktif
A mistake in the elliot wave analysis in the above chartDagangan aktif
Nota
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Serious stop hunting going on. Stay focused.Dagangan aktif
Market maker successfully triggered the stops at 22.5k sats level. Have to see if he still has plans to hit stops at 22k and 20k levels.Dagangan aktif
I feel that the stop hunting session had been finished.Dagangan aktif
If you find, there is a battle going on between greed and patience inside you, do not let the greed win. If your trading system gives you a buy signal and you made a trade plan to long a trade, let the market take time to perform after longing it. Do not hop from one market to another in between. You will miserably fail.Dagangan aktif
After studying and practising Elliot double and triple combinations I analysed the wave 4 of this market. Our current wave 4 is undergoing double combination elliot correction.Dagangan aktif
It may even trend sidewaysDagangan aktif
I'm done with my analysis on this correction. It is moving sideways which means it is building a strong base for a break out. Anytime now.Dagangan aktif
This market is teaching us many things. I came to know of the Elliott wave theory guideline that in standard impulsive patterns, wave-2 should NEVER consume less Time than wave-1 (from beginning to end) AND wave-4 should never consume less Time than wave-3 (from beginning to end). Based on this, we cannot expect our wave 5 to start before August 1st. Till then market moves sideways(small ups and downs will be there). I am making a notes on Elliot wave theory and connecting all the dots in it. Will share it with everyone one day.Dagangan aktif
Wave 5 starting 2 days earlier??Dagangan aktif
Wave 4 bottomed out at 0.00020872 btc.Dagangan aktif
Looks like it is heading to hit the stops below 20k satsDagangan aktif
Shared a new article to analyse this market - 
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.