Ethereum is following Bitcoin on its way to endless 3s structures, so we are tracking either a triangle 4th wave before a last move down or a flat B wave followed by a last impulse before further decline.
Short term bias: Bullish
Long term bias : Bearish
Ok, the text doesn't show up, for what ever reason, those are the dominant paths for November. There is a ...
Litecoin has a very strong potential bottoming structure after being extremely weak since back in Spring and relying on Bitcoin for the short term gains.
Will it kick off the alt season like the previous one? Very likely, imo.
Text doesnt show up... Alternative count in case this is just a rally before making new lows.
Ethereum found resistance at a key Fibonacci resistance and currently trading at the DPOC of the range.
Structure is very bearish and further decline is to be expected. There is a chance of 5th wave truncation since there is a deep pullback on the 4th.
Bitcoin is making a series of sideways 3s structures. This is yet another one, which hints to a potential ending diagonal and favor the scenario that this correction is coming to an end very soon.
My bias is to the downside since i expect pullbacks on the majority of the alts in the short term.
Similar price action with EOS but may be forming a triangle while EOS is either on a complex B or an ending diagonal (this is more likely).
5H RSI similar to Bitcoin, its either do or die as we get closer to the weekend.
There is no good entry here at this time although the closer it is to 54$ the better.
Running flats are uncommon this is just for monitoring.
ETC has a similar structure with all other majors (usd pairs) after the bounce.
There is one difference though, its previous price action its way more different and there is a chance that it has completed the correction from ATH.
Currently channeling on a double zigzag combo which may even turn into a triple one depending on Bitcoin direction.
Short term bias: ...
EOS has a corrective structure, the main question is "Is it done or half done?"
There are not many (high probability) counts left. Its either a completed zigzag, a(n) (expanded) flat or the beginning of a diagonal.
Short term bias: [Cautiously] Bullish - monitoring the structure for better entry
Mid term bias: Bearish - missing the fifth
Tradingview has ...
Tight range trading on Bitcoin lately with too much overlapping, most likely a triangle but it can easily be a complex second wave.
Chances for a bounce as shorts are approaching ATH levels.
CME gaps, inline with 2/3 targets.
SUBBTC is approaching all time low, as long as the technical low is not take out, EW rules for a second wave still apply. Weekly closed into a doji, so expecting one more doji candle this week for a stronger signal of bottom being in. Note that it doesn't necessarily need to make a new low but a 3 wave structure is mandatory.
3D RSI on a triangle ...
There are not many bullish count alternatives left for Bitcoin. This is one of them projecting a long accumulation period between ~6k and 10k over the next weeks/months.
In the mid term it has 5 waves down for the C leg but its still uncertain if the 5th is in or its going to be a diagonal and only its first subwave is completed so far.
Those are some zones to ...
There is a cluster of fibs around 3.3k sats on ICON. Bullish divs on oversold areas provide more confidence for a long set up at those price levels. Pitchfork channel support also (1.5) -got tilted on the published chart but its kinda visible on the pic below.
Incomplete corrective structure with no volume on the bounces favors a short term short trade.
WXY lines in better -for now- since there are ABC corrections of a smaller degree. Alternatively, its a leading diagonal with a deeper correction.
I have been watching this chart for a while, trying to figure out a potential count. Lots of fibs point around 85$ area but the current structure seems incomplete. Instead of waiting to see it complete and then post, i decided to yolo it.
What could go wrong?!
We are almost getting there, before some serious uptrend, but its not time yet, IMO. Earlier today we had a very impulsive move, it was expected by a few, thats why it happened. The market doesnt follow the crowd.
"But, we are reversing".
"Soros will drive this down to 5 4 3 2 1 game over thousand.".
"This is the correct trendline not that".
"We are here on this ...