It looks like we completed the diagonal (wave pattern) last week. Now, in theory, we should be moving upwards. We're currently in a pullback. Friday saw some bad US unemployment news, which triggered a sell-off across the entire market.
Some altcoins look particularly weak. And while Bitcoin corrects over the weekend, alts could dump much harder.
We're conducting our analysis using key reversal levels, in addition to wave counting—which is, of course, subjective and open to interpretation.
Approximate targets are on the chart. I'm not considering a bearish scenario for now, but of course, anything is possible.
Some altcoins look particularly weak. And while Bitcoin corrects over the weekend, alts could dump much harder.
We're conducting our analysis using key reversal levels, in addition to wave counting—which is, of course, subjective and open to interpretation.
Approximate targets are on the chart. I'm not considering a bearish scenario for now, but of course, anything is possible.
➡️t.me/charta_energeia — Telegram channel for regular Elliott Wave, level, and trend analysis on Oil, Gas, and Crypto.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
➡️t.me/charta_energeia — Telegram channel for regular Elliott Wave, level, and trend analysis on Oil, Gas, and Crypto.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.