Possible routing of the ETC-BTC (over 70% in a couple of weeks?)
If we look at the 1hr chart, we see that wave 1 and 2 are completed. Now an uptrend of wave 3 with a possible target around 0.004800.
Thereafter a smaller correcting wave 4 (compared to wave 2). Why? The bottom of Wave 4 can not be lower than the top of wave 1 and, normally, if wave 2 has a rather big pullback (like here), the pullback of wave 4 is smaller.
Eventually, the top of wave 5 might be around 0.006000.
Of course all depends on the mother of all Crypto's and the airdrop/hardfork coming in the beginning of March.
Happy trading!
Thereafter a smaller correcting wave 4 (compared to wave 2). Why? The bottom of Wave 4 can not be lower than the top of wave 1 and, normally, if wave 2 has a rather big pullback (like here), the pullback of wave 4 is smaller.
Eventually, the top of wave 5 might be around 0.006000.
Of course all depends on the mother of all Crypto's and the airdrop/hardfork coming in the beginning of March.
Happy trading!
Kommentera:
Instead of moving up, it is moving sideways. Still positive. Can be subwave 2. We might find out know the next couple of hours?day.