:) Gravy Train baby
Elliot wave theory suggests we are in an impulsive move and at the bell curve into alt season extension wave 2 - 3. This could be a massive move in alts as we creep into altseason. We have felt the alt months being positive these last view months and this chart is reflecting that. We have also broke the previous top and continue growing which is a strong indication of a bullish continuation in this trend to follow in route to the peak of wave 3 which could probably start in Sept and end in November. This alt season is going to be much longer than would the previous season was like. All good signs of a healthy growing market.
Note: it will be important for this Monthly candle to close above prev. run wick but not necessary as long as it stays green and above the prev. month close.
Note: This is a speculative view of price increasing in a channel trend for alt coins.
This idea can be probable based off technology adoption via banks, institutions, hedge funds, etc etc
85% Fundamentals 10% sentiment reaction 5% technical analysis - as sentiment reacts to fundamentals the chart changes
2 types of news: News that comes before / News that comes after
Sentiment: Global trend shows increase in alts since btc hitting 50K / % trend of Majors vs alts / % Alts vs BTC
Technical price action: Support / resistance / Elliot wave theory / fib targets
decision is your opinion! :) Thanks all hope you enjoy this one and lets hope to see a trend continuation in this channel!
Elliot wave theory suggests we are in an impulsive move and at the bell curve into alt season extension wave 2 - 3. This could be a massive move in alts as we creep into altseason. We have felt the alt months being positive these last view months and this chart is reflecting that. We have also broke the previous top and continue growing which is a strong indication of a bullish continuation in this trend to follow in route to the peak of wave 3 which could probably start in Sept and end in November. This alt season is going to be much longer than would the previous season was like. All good signs of a healthy growing market.
Note: it will be important for this Monthly candle to close above prev. run wick but not necessary as long as it stays green and above the prev. month close.
Note: This is a speculative view of price increasing in a channel trend for alt coins.
This idea can be probable based off technology adoption via banks, institutions, hedge funds, etc etc
85% Fundamentals 10% sentiment reaction 5% technical analysis - as sentiment reacts to fundamentals the chart changes
2 types of news: News that comes before / News that comes after
Sentiment: Global trend shows increase in alts since btc hitting 50K / % trend of Majors vs alts / % Alts vs BTC
Technical price action: Support / resistance / Elliot wave theory / fib targets
decision is your opinion! :) Thanks all hope you enjoy this one and lets hope to see a trend continuation in this channel!
Comment:
pls review Idea 2 that follows this idea.
