From
- Candles break out from falling wedge and retrace to the support line.
- MACD
- RSI
- WT Cross
we can see those were indicating the starting of FIB waves.
note: we are seeing something similar on QLCBTC chart too.
- Candles break out from falling wedge and retrace to the support line.
- MACD
- RSI
- WT Cross
we can see those were indicating the starting of FIB waves.
note: we are seeing something similar on QLCBTC chart too.
Catatan
stay with original posted ideas structure for corrective wave A B C. wave C is yet to finish. once it is completed, we would start big wave 3.
Catatan
ONTBTC is waving up. this could be 1) the starting of the big wave.
or
2) another wave B like what XVG did.
either way, the first target shall be around end of wave 5.
I think it is more likely to be 2)- wave B. so once it is up till end of wave 5. it shall retrace back to around end of wave 4. that shall be the position of wave c=1.27 of upcoming "wave B".
Catatan
big wave 3 startsCatatan
Danger alert! what we are now on could be a big retraced for the completed big wave 3! instead of new big wave 5!
if it is big wave 3 then the retracement is expecting to reach 0.0093 @ 0.382.
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