XRP Elliot Wave...What do you guys think?
Wow today has been a rough day for me......Would have loved to have shorted but was scared even though the signs were out there. I have been in this same situation before. It goes down and i dont short. Then, while we are at or close to bottom, I start trying to play around with a couple of coins only to get stuck buying in later at a higher price. (I think they are watching me!)
Question. The first run up to 3.50 I assume can be wave 1 of Elliot Wave which would put us at wave 2 or 3. If we are in wave 3 that means bottom has already been met 56 cents.Which would be great cause wave 3 is impulse wave up and is (usually longest wave.)
If we are still in wave 2 we can still go down from here because it would have to be lower than 56 cents!?!?
I guess that is the million dollar question.
I am leaning more towards wave 3 because I feel like wave 2 is usually shorter than wave 1. But at the same time the way the market(S) are going I feel like there is more downside. Id love to see what you guys are thinking
Kindest regards
Question. The first run up to 3.50 I assume can be wave 1 of Elliot Wave which would put us at wave 2 or 3. If we are in wave 3 that means bottom has already been met 56 cents.Which would be great cause wave 3 is impulse wave up and is (usually longest wave.)
If we are still in wave 2 we can still go down from here because it would have to be lower than 56 cents!?!?
I guess that is the million dollar question.
I am leaning more towards wave 3 because I feel like wave 2 is usually shorter than wave 1. But at the same time the way the market(S) are going I feel like there is more downside. Id love to see what you guys are thinking
Kindest regards
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.