XLMBTC Elliot wave 70% potential profit target | BULLISH

Apr 21, 2018

We see some potential profits with the Elliot wave principle. If we look at the bigger picture we have already finished a wave 2. That means where now in wave 3 which is many times the longest so there are huge potential profits to make. In a shorter timeframe where finished our wave 3 and waiting to see how much it retrace. The buyzone is between .5 and .65 fib level. There you should ladder your buys. Be aware that in a bullish market that we could retrace less then our favorable buyzone. Once we bought in we go for wave 5 with our target of 5717. Our target also confluences with previous highs. This scenario is off the table when we enter wave 1 territory below the .786 fib level.

May 30, 2018

Trade closed manually