I think we should have a last lower low before a sizable bounce across the board
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.
We are still in a dilemma situation where the #Crypto market cap with #BTC and without #bitcoin are telling 2 different stories. The market cap with bitcoin looks much more bullish than without it.
We are still in a dilemma situation where the #Crypto market cap with #BTC and without #bitcoin are telling 2 different stories.
As much as i would like it not to be there, i can't help but see this pretty nasty hidden bearish divergence on bitcoin. It might get invalidated if we take out the previous high. Let's see.
Seems like all the subdivisions are there. Ready to bounce.
The flat Elliott Wave count for Bitcoin is still perfectly valid at this time.
Doesn't mean it's not going to tank if BTC drops, but this setup is clean enough to justify a long position.
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.
Both the moving averages and the temporary channel seem to be pushing us in the upward direction. Wave 4 seems to be now completed and we are starting wave 5 which should send us to the $20K region.
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
$BTCUSD Bull case vs Bear case August 31th
$BTCUSD Bull case vs Bear case August 31th
$BTCUSD Bull Case vs Bear Case August 30th
$EOSUSD Bull Case vs Bear Case August 30th