Not sure where this wave 4 is going to end, but we are in a wave 4 <=> if you think alts are going to zero and BTC is going to take over the entire market cap, you're wrong. Wave 5 is coming soon or late.
Both seem to tell a completely different story at this time.
Without Bitcoin, we are now trending well below the EMAs which acted as support since the beginning of the year and we are now heading down.
With Bitcoin, we seem to be on support on top of the base channel, forming a structure which evokes a wave 4.
Hence the uncertainty in this market at this moment.
On EOS against BTC, the corrective move doesn't seem completed yet. We just finished a wave 3 of wave C. So i expect a few weeks of sideways move here before we resume the downtrend for our final leg to the downside.
Once completed, i will be very interested in longing this. Probably near this end of the year.
holidays with no internet for 5 days and you guys dump the market 40%, that's not cool. Back on internet but no mouse. Quick look at $XMR which looks good if it doesn't go any lower than that. Still on holidays until monday. Will look at the rest later