FUN FAIR (FUN): Living Up to its Name if it Generates PROFITS as Expected!!

SUMMARY

In Elliott Waves, the best time to sell is at the end of the wave 5 of an impulse. The best time to buy is at the end an a,b,c correction. The degree of trend is quite important also since the 5th wave and correction of which degree of trend is important. Ideally, micro or higher degree of trend would prevent frequent in and outs such that day trading doesn't happen.

Below is the FUN/USD chart. Note that it's currently finishing a wave 2 correction at the daily scale. This is the preferred degree of trend to profit and buy at; rather than the subwaves; e.g. submicro to miniscule degrees of trend. The Cup & Handle pattern is nearly complete and confirmation will be provided by the start of wave 3. So, as wave 2 down progresses, it could be an ideal time to cast the buy ladders. Remember, I often ladder my ladders! Wave 5 is targeted for $0.739 or so.

When the BTC pair is very similar to the USD pair, the implications are usually positive. When the two are near correlated in that the BTC pair doesn't significantly lag the USD pair; then such could signal even more positive vibes. The triple rounded bottoms allow a very solid basing and so the shown Elliott Waves could bring FUN to 3,550 Satoshi.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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