And i'm back !
Well that went fast for RVNBTC. 2 main short added to my actual position.
What to expect now ? Well, wave 4 MIGHT be done, if we push higher ( above 210 ) i will have to modify my EW a bit for the blue and red trend. But for now im confident we did a top at 209. RSI(21) on my TA is already hitting a good top with a bear div on every time frame.
So what are the next target IF WE DID end are wave 4 ( red ) at 209 ?
Target for a red wave 5:
100%fib = 150 sat
161%fib= 111sat
261%fib= 53sat
i am looking at the 161% fib lvl ( golden ratio for crypto very common target ) and also because it will more or less match the medium wave 3 ( blue ). Do a good brake down under the previous linear support around 140-150. Ase BTC keeping destroying ALTS/BTC pair on its way up.
Stay safe good trade !
Well that went fast for RVNBTC. 2 main short added to my actual position.
What to expect now ? Well, wave 4 MIGHT be done, if we push higher ( above 210 ) i will have to modify my EW a bit for the blue and red trend. But for now im confident we did a top at 209. RSI(21) on my TA is already hitting a good top with a bear div on every time frame.
So what are the next target IF WE DID end are wave 4 ( red ) at 209 ?
Target for a red wave 5:
100%fib = 150 sat
161%fib= 111sat
261%fib= 53sat
i am looking at the 161% fib lvl ( golden ratio for crypto very common target ) and also because it will more or less match the medium wave 3 ( blue ). Do a good brake down under the previous linear support around 140-150. Ase BTC keeping destroying ALTS/BTC pair on its way up.
Stay safe good trade !