Updated

sand/usdt

Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.

Trade closed: target reached

5th wave target has been reached. we should see a minor correction before resuming unless elon presses buy lol
anything goes in crypto ¯\_( ' '/)_/¯

Note

Update: Wave count is wrong on the chart above. 1st wave is longer than the 3rd on the sub cycle. I am still trying to predict a "correct" timing although crypto is moving pretty fast right now.

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Sand has moved into the price territory of the 5th wave in the above chart sooner than my prediction and it should be due for a pullback or correction soon. On the updated chart below, a 50% retracement is my prediction before resuming an uptrend. It would also bounce at the 200 ema, but this is crypto so anything goes.

Note

A correction will look something like this white line.

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Update: I've changed the ABC correction to a WXYXZ since the wick pretty much touched the retracement levels on the chart above. The WXYXZ retracement is a bit lower than the wick and if BTC drops, we might even go a bit lower to the .382 @2.9$ target. Either we bounce from here or one/two more leg down. It will depend on BTC.

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Welp boiz, it looks like we got a correction following the white line. We might have one more leg down, depending on btc's movement so either the ABC retracement is completed or we're working on a WXYXZ. IMO buying here is good, no one can time the bottom perfectly; if you were willing to buy at $5-8 then buying at $2-3 shouldn't matter. Fuck yo bragging rights lol. This is not financial advice.

AyoKu

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AyoKu

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