Sorry, I have been sick these past few days😷 so I haven't updated, and I haven't replied to messages on the green bubble, please understand.
Back to the main topic to talk about the market
The big coin has dropped from 108,000 to 92,000, which can be seen as an A wave. Currently, we are in the B wave, and the question is whether this B wave has ended or not? It's still difficult to determine accurately.
Let's take a look at the smaller structure (in the diagram below). In the small structure, we can clearly see that it has gone through an ABC structure. Currently, it is in the structure of a 3 wave. Is it possible that this three-part structure is merely an X wave? Could there be a pullback after this drop before going down again? That is actually quite possible. Therefore, as long as it hasn't broken below 92,000, we cannot determine whether this large B wave has completed. So, currently, the downtrend may continue.
I still hold the view that there will be another wave down before a violent rebound is possible, at least we need to touch 91 or 92 again.
Trading Suggestions:
Right now, it is a volatile market; if you want to operate, you can use small funds to trade back and forth.
Personal Situation:
I still hold a good long position in SOL at the square, and I have been trading back and forth these past few days. I have made three waves just on STEEM, but since it’s difficult to call waves, I haven’t said anything.
