or why I'm sitting in a long position, like a grandpa fishing — and waiting for the final V to bite Bro, if you've ever tried to mark Elliott waves and didn't quit after the third paragraph of Prechter — welcome to the club of sufferers who still believe in market structure. Today on the radar — XMR (Monero), and here, as they say, there's no time for scams and metrics. Here the triangle completes its symphony, and I can already hear the first violin from wave E. Hold on, V is approaching.
In addition to the last post, I want to share another scenario of events. This is a revision of the final diagonal in wave "C" of a larger scale. In this case, we will still see swings with altcoins and generally in the market, and the so-called alt-season may not be seen until August-September! Wishing everyone profit!!!
BIGOG2000
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Hedge funds prepare for a haircut
On the weekly chart of BTC.D, a classic horizontal triangle (ABCDE) is visible, which likely forms a corrective structure within wave C.
Features: The starting point of the triangle coincides with the peak dominance around 74%-75%. Each subsequent wave (A, B, C, D) fits into a narrowing range, adhering to the rules of triangles (zigzags or combinations).
On the weekly chart of BTC.D, a classic horizontal triangle (ABCDE) is visible, which likely forms a corrective structure within wave C.
Features: The starting point of the triangle coincides with the peak dominance around 74%-75%. Each subsequent wave (A, B, C, D) fits into a narrowing range, adhering to the rules of triangles (zigzags or combinations).
I calculate the final wave 5 based on the Fibonacci extension related to the trend. I stretch from wave 1-3 and the end of wave 4. Typically, the potential is realized in 90% of cases.
BIGOG2000
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