Once upon a time... After a five wave impulse... After a first A wave of correction... A triangle has come and said: "In correction we trust"
Familiar story, isn't it?
Actually, all the cryptos I've analysed have like the same nature, the same wave structures. All of them so far are moving into a triangle at the moment, and predict a further fall to end the correction. Strange and nice at the same time. This also means that after the correction end, a big bull ride will begin, and we have been blessed with a second chance to enter the crypto market at a low price.
Stay tuned for other cryptocurrency analysis, that I am sure will be practically similar
I do not analyze wave structures, but rather do a lot of economic research in general. What I usually do with the hypotheses I generate based on my research is to use simple T.A. (MACD, RSI, Volume, IOMAP etc) to look for divergences.
Although my approach is different, both the macro picture and my T.A. (in addition to common sense due to manic speculation in trash assets) give the exact same picture as you paint here.
My approach is to sit with cash, VIX futures (Bet on volatility ahead) and short 20y Treasury bonds (Bet on inflation) - except my staked ADA and DOT - untill we see a massive risk-off and then make a massive bet on a long term crypto portfolio containing both ADA, DOT, ETH and BTC.
Although my approach is different, both the macro picture and my T.A. (in addition to common sense due to manic speculation in trash assets) give the exact same picture as you paint here.
My approach is to sit with cash, VIX futures (Bet on volatility ahead) and short 20y Treasury bonds (Bet on inflation) - except my staked ADA and DOT - untill we see a massive risk-off and then make a massive bet on a long term crypto portfolio containing both ADA, DOT, ETH and BTC.