Pinch me I must be dreaming...

Utilizing retracements, fib extensions, elliot wave, and the RSI we can see that the total market cap for cryptocurrency will likely continue in a short term downward trend. This will likely result in hitting support between roughly 1.59T and 1.55T.

Also waiting for bullish divergence, likely to see this in the coming days.

As a result, I am bullish for my timeframe specifically but this may be an indicator for your unique position. Thank you for any feedback.

Happy trading!

Comment:

This seems to be playing out well so far, bought some more BTC and ETH at the low here. Looking for this to form a diagonal and go for a fifth wave to the upside.

Comment:

Looks like the nail on the head has been hit, hopefully!

Looking quite bullish, I'll keep updating as we proceed.

Trade active:

After this 5 wave decline. It appears to me that we may be at the top or near a top of an ABC corrective wave. This would suggest that another move to the downside is possible.