I believe this is the top area of the (macro) wave 3 on LunC. A lot of people are gonna be angry with this call. Also, wave 3 is generally the most parabolic wave so it would be very dangerous to listen to a top call. I don't know what the opposite of 'catching a falling knife' is - but this is it.
This of course means we are still waiting for a wave 5 though. So this means i'm only bearish *SHORT TERM*. This doesn't mean I'm calling THE top of the whole move; so I don't want anyone crying for me calling the overall move to be over.
This of course means we are still waiting for a wave 5 though. So this means i'm only bearish *SHORT TERM*. This doesn't mean I'm calling THE top of the whole move; so I don't want anyone crying for me calling the overall move to be over.
Nota
Just waiting for a macro wave 4 to play out before jumping back in. Waiting for price to base out first.Nota
Just conjecture here, I don't yet know how the wave 4 is going to play out. We have an abc already. It could be an A of something like an ABCDE. Don't get chopped up. If you are waiting for a re-entry then let the volatility fall first. Nota
A deeper retrace could look like this, although I'm sceptical it would go there right now because of how low the shorter timeframe's RSI is getting already:Nota
My secondary count now looks like it could be in play. In which case we are still in the wave 3. Nota
Following my primary count. Need to see how the C leg of the correction is going to go:Nota
I believe we have broken up and out. Providing it doesn't suddenly fail here the next target is 0.0004 - 0.00047.Nota
LunC may have confirmed a wave 5 with the breakout a few hours ago.Extrapolated targets would be between 0.00089 - 0.0012.
Penafian
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.
Penafian
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.