Now the 5th of the C wave is marking, This should complete the wave 2 somewhere here, and I expect a stronger rebound to the Wave 3 from here. If there is more pressure on crypto and it starts ranging being corrective lower here then it was not a 3 wave correction (wave2) but a 5 wave C wave in overall sub of the wave2, that means the larger wave 2 is extended in the larger abc expanding. Goes lower under 2 probably and shoots up for the wave 3. I prefer the end of correction here though and buying up from here. But will have to look at a strong rebound in an impulsive way.
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at the end the red played out, and there was a massive difference in the PERP price, which caused most of the liquidations. 1.09 on PERP compared to 1.7 on spot. Hopefully you were not caught on that.
im with ya on this one, please keep us posted. I feel really rough on this one due to BTC dropping price its effecting everything. Stay and hold? or wait on btc to correct? Thanks
tempertrade
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@Yabizar btc i count as in a final 5th wave truncation. sxp is in a wave 2 completion. I expect to move soon from here but for sxp it should not take out the previous lows. crypto markets are very volatile and extend to and over their limits of normal.
tempertrade
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still the green. looks corrective still unless the low is taken with large volume. I think we are in subwave 2 and expect a bounce at some point. targets are there for a new high.
MinimumWagerLvl1
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anything new?What's the target
tempertrade
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@abdullah77simsek, C was extended the current volume buying reaction suggests we will move up from here and found a bottom - BTC was strongly driving this move, and I think BTC also bottomed.