SUBBTC had a big drop with yesterday's BTC blood bath, bringing it to the peak of Wave 1 territory from the preceeding impulse wave upwards - where it held fairly strongly, even as BTC was still dropping.
This leads me to think that Wave 4 found it's bottom, and that it should be beginning Wave 5 in the next 48 hours (Here's hoping!)
Should that be the case, the range for Wave 5s landing zone is pretty broad, but I'm suspecting it's going to 10700 sats range (give or take 400 sats)
Wave 3 peak was 1/2 way between the 1-1 and 1.618 ratios of Wave 1 - so Wave 5 landing somewhere between 1.618 and 2.618 seems very likely.
Wave 3 ratio of 1-1 would put Wave 5 landing just above the 1.618 line of wave 1 (confluence zone)
And that rally from it's recent correction could be an impulse wave (it's probably not but hypothetically speaking) - in which case the 2.618 line lands exactly where the 1-1 of Wave 3 and 1.618 of Wave 1 line up. So that's interesting to note nonetheless.
That # ALSO lines up with the 0.786 line of the previous Primary Wave (which was a wave 3 Primary wave).
The upper level possibility is around 11400 to 11900 but that seems like being overly hopeful.
This range has the 1-1 ratio of Primary Wave 3 landing around here, the 2.618 ratio of Wave 5-1, the 1.618 ratio of Wave 5-3, and the 4.238 line of the bounce wave (5-4 or 5-5-1).
I kind of doubt it'll get up here, since this will be a 5th wave of a 5th wave, but who knows? It's on the table. Maybe there will be a surge of attention on SUB and we'll have an extended 5th wave.
11900 is totally plausible in such a scenario. (I'm just dreaming here...)
The Risk to Reward ratio here is roughly around 3.3 if you bought in at 9200, sell at 10700, stop at 8750.
If it breaks below 8750, it's likely this coin will retrace hard (7000s or less) - so tight stop losses make sense.
This leads me to think that Wave 4 found it's bottom, and that it should be beginning Wave 5 in the next 48 hours (Here's hoping!)
Should that be the case, the range for Wave 5s landing zone is pretty broad, but I'm suspecting it's going to 10700 sats range (give or take 400 sats)
Wave 3 peak was 1/2 way between the 1-1 and 1.618 ratios of Wave 1 - so Wave 5 landing somewhere between 1.618 and 2.618 seems very likely.
Wave 3 ratio of 1-1 would put Wave 5 landing just above the 1.618 line of wave 1 (confluence zone)
And that rally from it's recent correction could be an impulse wave (it's probably not but hypothetically speaking) - in which case the 2.618 line lands exactly where the 1-1 of Wave 3 and 1.618 of Wave 1 line up. So that's interesting to note nonetheless.
That # ALSO lines up with the 0.786 line of the previous Primary Wave (which was a wave 3 Primary wave).
The upper level possibility is around 11400 to 11900 but that seems like being overly hopeful.
This range has the 1-1 ratio of Primary Wave 3 landing around here, the 2.618 ratio of Wave 5-1, the 1.618 ratio of Wave 5-3, and the 4.238 line of the bounce wave (5-4 or 5-5-1).
I kind of doubt it'll get up here, since this will be a 5th wave of a 5th wave, but who knows? It's on the table. Maybe there will be a surge of attention on SUB and we'll have an extended 5th wave.
11900 is totally plausible in such a scenario. (I'm just dreaming here...)
The Risk to Reward ratio here is roughly around 3.3 if you bought in at 9200, sell at 10700, stop at 8750.
If it breaks below 8750, it's likely this coin will retrace hard (7000s or less) - so tight stop losses make sense.
코멘트:
Target nailed. Got up to 11000, though the crazy pump was difficult to manage as it dropped almost as fast as it rose. Still walked away with a 20% win!
