Based on the fractals and comparing the first set of impulse waves on this chart (within the green circles), it's clear that powerledger bottomed on the 11th and began a new impulse wave. Currently at the beginning of wave 3, I could see this testing former highs on this next wave up to 16.8k. A large correction will immediately follow, taking us back down near the range of wave 1's peak which would be a great second buying opportunity to ride wave 5 up to 20k. interestingly the fibs on the smaller fractal have so far directly correlated to the ones on the bigger wave.
Komen
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Finally finishing the 2nd wave consolidation. 3rd wave starting soon.
Komen
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Rockets primed. Be ready.
Komen
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Are you guys still in this trade? I've updated my target to 16.4k with more information from the waves that have developed. Here is an updated and more detailed count. As expected, Powr formed a very deep wave 4 which was an opportunity to reload and is now headed up for the final wave 5. Take profits on the way up!
20 December
Price bitcoin = 17000
Price cvc = 0.00005669
Price power = 0.00007502
I had Bitcoin December 20, I changed to CVC and power and kcs.
Wrong or true? Hold or change to strat
pkkingx11
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Any update on this? Seems to just be going sideways
TonyFrohock
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I feel like this one was a little pre-mature. Is it still valid do you think?
DennisLeeBTC
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@TonyFrohock@pkkingx11 No idea on the timing, but wave 3 must happen and it must at least top wave 1. Could just take a little while to get going due to low volume across the market right now. If you look at wave 3 in the past, there was a relatively long and flat consolidation before a sudden jump. I guess I should have mentioned that this is a swing trade, not intraday.
TonyFrohock
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@DennisLeeBTC, Thanks for the response! I could have guessed that this is what you would suggest. My bad.