What is coming will always come, and now I feel a sense of relief.
Dogcoin went crazy before, People reached 0.14, Ondo 1.5, I kept asking myself, will there really be a halving to give me a chance to get on board? Is the Elliott wave model, which has been passed down for nearly a hundred years, still applicable in modern times?
It turns out that it is indeed applicable. This big C wave came fiercely and almost sent Benqin away. But fortunately, we were prepared a month in advance. We talked about a month of big 5 waves rising and then ABC callbacks, and now Doomsday C is finally here.
I didn’t buy at the bottom, because I am also Fomo like everyone else. I started to build positions when the A wave fell, and then we kept waiting for the C wave. I also posted yesterday to see the C wave callback, and it really came today. We are already very good, buying at a relatively low level.
I have all the remaining positions of Pepe, Ondo, Floki, WIF, and IO, please do as you please.
But is this definitely the bottom?
Not necessarily, but I think the price is right, so I bought it. The floating loss is the floating loss. Spot/2x is not afraid of fluctuations. If you open 10x, then you should have a small position, 5% per order, which is actually equivalent to 0.5x. Maybe it will fall a little later. You can laugh at the blogger of Yongzhuan who finally started to lose money, but that is all floating losses. You will see in a few months. The world is still uncertain. Whether it is a donkey or a horse, let time decide.
Summary: The shuttle has been shuttled, don't let it go to waste.
Analyst Shu Qin
People exploded, Ondo is not good either. Will these two coins be finished? Don't panic! Now is actually the last C wave decline! Before, we entered the market with Ondo 1.2 and People 0.1 to make a B wave rebound. Ondo rebounded to 1.4 and People reached 0.14, but I said that it is not over yet. The normal model will have a final C wave decline, and now it is here! Ondo is expected to be around 1.05, and People is 0.085 or 0.09. This is likely to be the final callback position. The current C wave pullback is actually very healthy. After all, Ondo doubled from 0.7, and People also rose several times, so it is normal for the ABC wave to retrace 30-40%. We analyzed their Elliott model last month. And don't think that it will fly immediately after buying the bottom. It should consolidate for a few weeks to absorb funds, and then these coins will double again in the next wave of rise. It's better to buy the bottom spot, with a maximum leverage of 2 times, and buy when no one is interested.
