the same as all the other coins,
link put in a clean 5 waves up, and has since put in 3 waves down.
---
i'm starting to like the idea that the move down from the highs was only the first of three larger legs.
in this case, it came down in a simple zig-zag, so i'm going to be labeling this abc as wave (w).
wave x usually retraces 0.50% of the entire drop, but it can go to the 0.618~0.65% as well.
wave y will drag out into 2023, where it will find a bottom most likely closer to $1.22.
---
w-x-y, is nicknamed a double combo, and it consists of three zig-zags (it can also become more complex, and have smaller double \ triple combos within it).
---
risk management is your #1 priority, everything else should come second.
💰
link put in a clean 5 waves up, and has since put in 3 waves down.
---
i'm starting to like the idea that the move down from the highs was only the first of three larger legs.
in this case, it came down in a simple zig-zag, so i'm going to be labeling this abc as wave (w).
wave x usually retraces 0.50% of the entire drop, but it can go to the 0.618~0.65% as well.
wave y will drag out into 2023, where it will find a bottom most likely closer to $1.22.
---
w-x-y, is nicknamed a double combo, and it consists of three zig-zags (it can also become more complex, and have smaller double \ triple combos within it).
---
risk management is your #1 priority, everything else should come second.
💰
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.