Rough Outlook For REQ...nearing end of 2nd wave?
We should be nearing the end of a second wave down. The time frame of the move up is just a guess....considering we went from ~$0.03 to > $1 in about two months. The projections are using log Fib Extensions. If this is a third wave up, things could get interesting, fast. Looking at the osc at the bottom (positive divergence), even with all the poo poo re. cryptos (or BECAUSE of it), this looks to be closer to the END of a bear market and NOT the beginning of one. Another observation, BTCUSDSHORTS are in a near-vertical climb, going to an extreme. If you place BTCUSDSHORTS over BTCUSD, EVERY TIME we reach an extreme, the market changes. This follows Elliott Wave Theory.
Note
Bottom COULD be in or we could need one more low.Note
Like the other markets I have posted here, I expect the bottom is in.Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.