You are viewing a single comment's thread from:

RE: Is a mini hyperwave forming?

in #hyperwave • 6 years ago

I don't think we're going through a hyper wave, nor just some short "bullish bounce". In 2014, crossing the 55 EMA (blue) on the weekly meant the beginning of the bullish cycle. I think this applies nowadays too: we crossed the 55 EMA with a strong momentum and even went through the 6000 - 7000$ resistance like it wasn't even there.

The target would $4200.

Well.. I believe (and hope) we're not going below the 6000-7000$ (green rectangle) anymore. Perhaps a correction will happen, but it would be great if we bounce in that area and even interact with the 55 EMA.

Ctrl + Click here to enlarge the image in a new tab (steemitimages)

btc now.png

Cheers!

6 years ago in #hyperwave by
$0.00
    Reply 2
    Sort:  
  • Trending
    • [-]
     6 years ago 

    So any ideas why a hyperwave does not work short term?

    $1.23
    • Max accepted payout: $100,000.00
    • Past Payouts $1.23
    • - Author $0.89
    • - Curators $0.34
    6 votes
    Reply
    [-]
     6 years ago 

    A lower high & a hyperwave pattern might be possible, but I don't think 4200$ is reachable at the moment. For now I'd say that the 6000$ area is more accessible in case of a heavier correction.

    $0.00
      Reply