Stocks are coming down, and if they will start accelerating then I think this can have a very bearish impact on cryptocurrency as well.
"It's hard to hold an investment on very speculative and volatile coins if you are already panicking with much more "stable" investments."
So at this stage and with this structure it's very hard for me to look for buying opportunities. I rather wait on lower prices and buy later if drop shows up.
Unless you are a long-term investor and you do not care about current intraday noise.
If you are long? What are your best coins, based on EW structure please? Would love to see them if you can share in commentaries below. Thx.
Most crypto bulls are completely unaware of this and are risking here.
MPH_
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You are right and it is that time of year. Markets always correct in the fall. Typically September, especially.
SaifurRahman
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ADA
ontherunsince1905
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New follower here, thanks for your post. Highly instructive. What would invalidate your hypothesis?
tesseract44
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Thanks for your analyses in relation to stocks coming down.
TheAgha
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Talk slower bro
ew-forecast
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@TheAgha, thank you, I will try. TW has time limit, and been several times in the past that I was cut off in the middle of recording :)
floc24
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@ew-forecast, Speed is more than fine! Thx for the analysis.
I'm also waiting to see if we're starting a correction wave C. Clearly the stock market weaknesses will be an important trigger