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MATIC/USDT - Waiting game for $9 targetHello traders and investors, Today we look at polygon matic / USDT pair with the usual critical eye. Looking at the recent moves, I see that intermediate blue wave 3 reached the 3.618 Fibonacci target with a series of 1-2 1-2 1-2 extensions. I believe that May 2021 pick was intermediate blue 3 rather than primary purple wave 3 because I compare the size of the red minor degree wave 2 and wave 4 (he look similar 35days correction and 37 days correction). Therefore I assume that we are currently in the creation of intermediate blue wave 4 and it will take some time to complete (1.618 or 2) of wave 2, with a retracement that should bring us in the same region of wave 4 of one less degree. (Ahimé at $0.33). If that is the case, I will once again fill my bag and wait for the explosive composition of intermediate wave 5 of primary 3 which is currently at 2.618. I have no rush in buying now. Waiting for the market to play out, if minor wave A red is actually the end of the entire correction, it means that it took only 38.2% of the time of intermediate wave 2 and retrace only 23.6%. It's possible, but I will be waiting for the market to unfold in the next few days before considering an alternative. What do you think? What's your target?
MLong
by Dry-Storm
6
Oil Futures (45) Long Gap ReversalPrice runs up out of a relative low, Buyers step up and try to make a new high and confirm the major reaction Leg. Sellers holding at the high and pullback into a major reaction, buyers step up to the consolidation at the centre of the impulse leg up and make a new high. Buyers try to step up, break outs get washed and pulls back to re-test the minor confirmed low. Price finds orders and begins to consolidate, sellers press price into the buyers, they try to hold and expand up into the press before getting rejected with a WRB gap down. Minor confirmed low gets washed, price expands into the relative major pullback and zooms back through the sellers to land on the backside of the WRB gap down. Trading the major impulse leg back to balance. Push of the press up
NYMEX_MINI:QM1!Long
by AleMeo97
XRPaaayyy & DCA all Day | XRPWhat has opposable thumbs and likes scalps? THIS GUY! Seriously though, just gonna drop some hot spots on ya. The up-fork has stolen the show so far but again, this is a game of composites and spreading risk across some kind of a Dollar Cost Average (DCA) strategy. I like XRP for long and short term strategies. I keep a long cold bag from $0.20 that just doesn't get touched but I like scalping with a short bag and the outliers are where I set my sights. Flash wicks in crypto are the most reliable mechanisms for profits so I spread myself across some broad swings while scalp tuning with a small stash in the middle. As always, * * * Not Investment Advice * * * I never tell people how or what to trade, only what I would trade. Stay frosty friends!
by FudBox
COIN - Unusual Options Activity. More downside expected.Observing unusual Options activity is often a good indication on how big players are betting. ( The snippet here was taken from the YTuber Maverick Of Wallstreet. I watch his channel every single day. I learned so much from him, and everyone else can too - 100% free btw.) Here we see large PUT buying volume for the 120 Strike. However, you can't take this as the holy grail and bet your house and dog on it. As with anything else, it's just an Indication, a puzzle for the whole pitcure. Hope this helps. #careandshare
NASDAQ:COINShort
by Tr8dingN3rd
7
Bitcoin's Journey to $20,000BINANCE:BTCUSDT Bitcoin to complete the arc and surf down the forks to $20K. The last 4 BTC bottoms have all tapped the 200 week SMA. Both median lines cross on July 21st in the 19-20k range. (2017 cycle top) The intersection of two median lines is known as an "energy point". Energy points attract price like a magnet. The confluence of the 2017 cycle top with the 200w MA and intersecting median lines point to a potential bottom in BTC taking place in mid-July around this price level. Let's see what happens.
Short
by Cousin_Fat_Fat
7