SUMMARY
The basing phase for Metal (MTL/BTC) has patterned out a very nice looking symmetrical triangle that divides well into ABCDE waves. This took nearly four months! Since Time is not a reflection of sentiment, unlike price; it can't be projected very well. However, the breakout into wae 1 seems solid and the current minor sideways action should end soon for wave 2. The remaining waves 3,4,5 should provide a 0.618 ot 0.78 retrace of the whole correction.
To me, it's always patterns, Elliott Waves and Indicators. The culmination of these quite often combine to signal a high impact, high confidence entries. Below is the daily MACD chart for MTL/BTC. Not the curling of the 12 day moving average (white line) getting ready to cross the red. Would this be the time to be taking SELLING actions or BUYING?
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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When SBD price will increase?
Do U have any idea?
me and @banjo wants to buy some SBD . .
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No I don't have.
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do U wanna buy some FB coin?
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No thank you, do you like chocolate?
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I like wine . . do U?
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Hello master..can you please do update of EMC2 einsteinium...thank you for everything!!!
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Love this post thanks for sharing this with us
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Can you update Verge and share your thoughts on their recent partnering with pornhub?
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Hello.
Advertise your project on https://cryptopiece.com/
One ad-block costs $9 and it will be live until November 2021 minimum.
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I'm still not sure about the trend of that graph. I think it might be better to wait 2 or 3 days.
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Hello friend. What's up??? Good to see your post. Is Downtrend of cryptomatek has gone????
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