SWT/BTC Short term targets for uptrend

BITTREX:SWTBTC   Swarm City Token / Bitcoin
Looking at SWT/BTC on a larger time frame it has finished a MASSIVE downtrend in the form a likely ABC correction. This means we are almost certainly in wave 1 of what is likely a larger Elliot wave cycle. The impulse wave up has reached what is likely sub-wave 4 so we can expect another run up (sub-wave 5) where I am targeting 0.786 fib extension. We can then likely expect a small consolidation period (wave 2 of larger Elliot wave cycle) before we start wave 3 and what may be a large uptrend. Short term targets are labelled on the chart.

REMEMBER to set a stop loss, not doing so is swimming in shark infested waters especially in an overall bear market so bear infested waters .

*This is not financial advice and is for comedic purposes only*

Thanks to the legend Alan Masters for the original idea.
Trade wurde manuell geschlossen: Targets invalid but uptrend still in action.
Your count is off. Wave 4 cannot cross wave 1. It's more logical to assume we had wave 1 in december and are now at the end of the extended correction of wave 2. So wave 3 is about to start. Which is the best wave, this coin is gonna go sky high when it sets off.
+2 Antworten
@mjers, Thanks for pointing that out I'll be more mindful in the future.
+1 Antworten
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