Following the higher high level (5800) of last Friday, I expect the price either to retrace or consolidate before making the next move for +6000. The bullish momentum is still active, but needs to breathe for the next spike. I will be watching for the possible dip points to long, no clue until now.
The ballerina shall make an elegant sauté …..
Комментарий
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Price touched 6000, maybe +6000 is to come also. Unfortunately I missed it :(((( I was expecting the dip between 4800-5000, but the price rebounded from 5100 level. It was a very profitable opportunity, congratulations to winners. and a good lesson for me: Big opportunities require more risk...
I mean absolutely no offense to this, seriously, but enough with the art inserts - this isn't storybook time - and your visual implications show a massive decline on the rightside of the chart... people see this as a prediction of doom while you have to repeat the explanation that "The decline part is simply to cover the ballerina.".... You're giving people the wrong information doing this - especially when your chart, as your idea, is the only thing being posted on the main page... Just my opinion, and again - no offense to you - but this is not a good idea...
CitRoN_RouGe
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@sdubyag, Thanks for your comment, of course I do not take it as an offense. But this is just one of the ideas shared with others, colored or not, or a storybook or not. This is the way I choose to present my charts, that's it. Be sure that traders make their decisions not on my charts (or story books), but instead they review many ideas and many points of view here before taking their positions.
willworknow
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@sdubyag, From an Elliottician's point of view, the right side (intentional or not) of this chart, the massive move down, is expected from my point of view. If you understand Elliott Wave analysis, the top, anywhere from $5800-6000ish would be called a larger degree first wave, with the 2nd retracing to around $2000. This would be an EXTREMELY good buying opportunity. Of course, this will all take quite awhile to occur. Just be ready for a great short.
BigBuxTrading
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@willworknow, I get the explanation and what occurs with the various wave structures... I'm just simply saying that she shouldn't put in the line to the right, if she doesn't adhere to that event actually happening - just for the sake of her drawing's background perimeter.... as she said in one reply "right side of the ballerina is just to complete the sketch." When I said "this is not a good idea" I meant its not a good idea to simply close the edge of your drawing with a line that looks like your prediction is that the market will tank - when in fact she is not - gives a wrong impression... she's not convinced that will happen - that's all I'm saying here... :)
JohnnyJi
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Best Chart everrrrrrr!!!! agreed. Thanks.
ashrafkotb
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Agree, I expect a small consolidation before heading towards $6000 or $6200, and that will be the end of the 3rd Elliott Wave on the Daily chart
CryptoCobon
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I told you yesterday to enter :( come on Citron. i only got this win because of your mark up. How come you didnt take it?
CitRoN_RouGe
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@CryptoCobon, Congratulations:))) I shall wait for the next opportunity.
Yesterday you told me to buy at 5700. That is not the way I prefer actually. My idea is: either buy around the dip or stay aside.
monguilhot
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Im working with a STOP LOSS of 1%
What strange moviment in the market do you think that was? Maybe some news from china?
CitRoN_RouGe
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@monguilhot, Lets check from the news, have no idea???
But eventually +6000 target was to be reached.