QSP/BTC - Thanks Elliot, last bullish wave coming
Updated
After last night's outbreak we have seen another consolidation area that ends up in a triangle, indicating that there is another outbreak possible. This is consistent with Elliots 5 Waves as we would be approaching the end of point 4. Last night's outbreak also proves to be a good second wave in Elliot's theory, given that the bullish move was nearly 100% verticle.
Target towards 5500 but this is a very hard assumption to make.
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Target towards 5500 but this is a very hard assumption to make.
*Binance is a growing exchange that is user friendly and does not require documentation if you trade less than 2BTCs. As it has just been launched it has reduced the trading fees to 0.5% if you have a small number of their coin ( BNB -0.35% -0.35% -0.35% ) in your wallet. Registration is recommended and using my referral link is highly appreciated: binance.com/?ref=11955863
*You are the decision maker in your trading, I cannot be held responsible for your losses
Comment
Not sure what is going on here. Both BTC and and QSP down..Comment
Dip was slightly longer than expected, but upward movements expected. When the a candle closes above the resistance it is facing right now (4800) we should expect to move towards the 5500 : )
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