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Be aware of entering new longs in this area as we seem to be in yet another Leading Diagonal formation. Big buyers coming in at. Over zealous bears and untimely wave counters will get chopped up here. Sell beforehand and get chopped up.
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Still my favorite crypto coin by far. Currently in the 2nd Swing B Wave of the initial A wave. Quite unimaginable actually but it sort of makes sense if you think about it of course its easy to say this in hindsight, lol. My last short term Ripple idea was a bit off key but the larger analysis remains in tact for the most part. The current Leading Diagonal formation is promised to have an extremely deep retracement. To find out the exact target of the super sized zig-zag, we can simply apply the Fibonacci tool to the A wave down big drop on the red wave I'm happy to say that I've established an outlook that's very much fitting, according to historical price action and proper Elliott Wave count.
In times past, nobody has believed in the Big Crypto Reset more than I but as of now, Small charts under 1D have been extremely choppy which has made for a ton of liquidations on both sides of the market. I myself included. Thank heavens for risk management and stop losses.
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