Hi @zippy1day , thank you for your analysis, always appreciated and insightful. I had a question, if we reach the expected levels of $27-2800ish, how long will this take to bounce back...will the correction stay at those levels (<3000) for a few days?
zippy1day
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@MrDazz, I am thinking this is the start of Wave 4 since birth but need an Elliott Wave expert to confirm this, so this could be part of a larger ABC correction which means yes a bounce from there is likely but not long lasting(see bullish crab likely retracement levels).Suggest you look at 2013/1014 for clues but then this is only my opinion and it could take a completely different path to the moon?
MrDazz
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@zippy1day, hmm...reason being I'm expecting a fiat payment end of this month and hoping it stays sub 3000 levels so i can maximise opportunity and stock up on cheap alts....:p :p lets be patient...
liberix
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Hi, thanks for sharing this! When you spotted a similar pattern on July 17th, I remember that everything went exactly as expected after point D. Let's see how it goes this time.
zippy1day
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@liberix, thanks agreed only wish it happened 100% of the time lol