It is clear on a line chart that we are still busy with wave 5
Ending diagonal in wave 5 with bullish divergence between wave 3 and 5
After new lows we should see at least a 3 wave pull back
Wait wait and wait to get better entries for buying
Wave 5 could end at the same lenght as wave 1
Any spike lower should be seen as buying opportunities for the 3 wave pul backs
Dogecoin , with 5 waves up, we are looking to buy in the blue box
Between 61.8% and 78% fib level, that will be the sweet spot to buying opportunities
Invalidation level comes in at 0.16
As long as we remain above that level, I am seeing prices much higher from here
Ankr, with 5 waves up, I am looking for pull backs in wave c to buy Ankr
Invalidation level comes in at 0.045, as long as this level hold I am bullish
Blue box is the buying box where I will be looking to add to my position
Bitcoin is still looking lower, and could take out the previous lows
It is only a 3 wave correction, ABC pattern
We could see new lows, targeting the area between 24k - 27k
Also a small head and shoulders pattern, also showing prices lower from here
This will be my trade of the week.
USDCHF, we are tracking an inpulse move up. With the strong wave as wave 3
Wave 2 was shallow and we should get the opposite in wave 4 (deeper wave 4)
Wave 4 is busy with a WXY correction and buying opportunities will be in the blue box
The blue box will be equal legs of the wx=xy
Also close to the 50% fib level of wave...
Bitcoin is trading in a triangle, could we see the previous highs from 2018?
Bitcoin back at 20k level
Be careful here, if we see a bearish break below 33k, we could easily see 20k in bitcoin this week...
This is not looking good for Ripple, if price breaks below that Triangle , we could see prices much lower here
We could see prices below 0.80
RSI level not even in extreme yet, so watch out here
Only a move above 1.7 will make my view change here
Bulls above 1.7, or next level to watch is 0.8
VeChain, this all looks corrective with only 3 waves.
Correction was due after big jump up
We could lable this now as wave c of Wave 4
Also note the RSI, extreme levels on top and now extreme levels with bullish divergence on the RSI
Atleast 2X here
the second scenario, which I am sure we all hope for is that Bitcoin completed now a 3 wave pull back.
For a completed wave 4, which we should see a very good bounce this week for confirmation
Too early to call this one, any impulseive moves back above that 59500 level will confirm that wave 5 is here
So back to Bitcoin
This could be very likely scenario now.
We have 5 down in wave C, everyone is in a panic that Bitcoin is crashing (sentiment working with waves)
We could see a WXY correction! Remember that Bitcoin went up this year with massive gains.
We need to see some correction phase before the next bull run
As discussed in my previous idea, Bitcoin showed bearish diveregence in a ending diagonal,
And a 3 wave pull back was overdue.
With this leg down that 3 waves are almost complete, and I am waiting for support to hit in the next few days to start buying Bitcoin again
Its too early to tell if this will be a complex correction or will it only be 3 waves
All the signs were there
Ending diagonal with bearish divergence in the RSI
We could see a bounce soon, but it will only be corrective.
Pulling in more longs from everyone just to dump one more bearish leg down
Eth still in a corrective phase, like to see at least a 3 wave pull back before adding to my portfolio again.
Wave A already compledted, and we are now at wave B
Still looking for a wave C to the downside before buying again
Support for a wave 4 should come in at equal legs around 1000 dollar