Kamuzzi

HEX potential wave count HEX chart looking really nice, after massive selloffs some great rallies will ensure. No way to get the exact bottoms or tops, best strategy from my POV is simply counting the waves and focusing on target range to apply DCA strategy to divide your buy in into multiple orders (3 works good imo). I got in at approx 3.2 c and paitently waited for this drop (missed the previous one. Thing about HEX its not traded on C'ex (yet) and it doesnt fully follow BTC price action. Nonethless it has had some great rallies and worth taking positions at the oversold extremes. Wave count can have few different views as I share them for pov to consider NFA . DYOR. Just sharing ideas. Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know. Tips are always welcomed :) Thank you for viewing, sharing and safe trading to you all!Comment: potential alternatve count which doesnt sit right for me, the (3) looks way to small compared to the (1), but its possibleComment: if this wave count is correct, than wave (4) bounce can retrace up to 0.382 the move from start of wave (1), which could take us to 10c-15c area.Comment: Im slightly bias in favoring THIS count as more likely wave count. Regardless, the importance of DCA to enter trades and set up take profits are vital. We are still in a bear market only 7 months in and possibly still a very long way to go. Lets bank some profits on the way down too! Long/Short, countertrend trading, get a lil piece of every pie why not!?Comment: another potential count to considerComment:Comment: adjusted wave count. we did hit the 0.236 favor the recent top as a 4. so now we play the waiting game for projected wave 5 of (3) to complete within the pink lines (should not breach below the 1.618 otherwise we must favor it as invalid count). Play safe, dont over-invest, use risk management always and DCA to help average down the same way you would take profits on rally bounce. Its a bear market, remember that, this doesn't end when we want it to, it ends when market decides and that can take days weeks months or years; doesnt mean we cant bank profits on the way down.Comment: I took my profits early and exited 100%, didnt even a lil moon bag. Will consider starting to build new position on retest of the lows. HEX had GREAT runup since. Our wave count was good enough, not perfect but close, bit tricky with all the wicks but in general we had a great projection and count with target ranges and played out great from below 2c to 13c. Didnt get the exact movement but very closeComment: alternative wave count either way, there is no solid buy in levels at these highs and upside is most likely limited, however market can easily decide it wants to go much higher. We will take our chances and stay out for now until we get more clarity and better buying opportunities closer to the lows.Comment: we made the RIGHT/GOOD decison in labelling the move as a wave 4 and to exit early. Look what happened after:Comment: This area has LOTS of buyer support and lots of heavy trading. We're looking to take small trades in this area off the lows for the short term, possibly leave some risk free or low cost moon bags in the balance (can use to add it towards building a larger position over time). Right now, there is no real clarity on the wave structure. Can be viewed as an ABC in the process or just the beginning of a larger degree correction. Time will tell. But we can anticipate some nice bounces off the lows towards trading for profits.