CryptoTony1

CryptoTony1

After what seems to have been a 5 wave down and so far a resilient hold of the trend line and support region at 9500. I am anticipating a break on the 3rd attempt, which will likely result in a double bottom test at 9300 -9400 region. Il be looking for buys on a strong buyback in the form of a hammer, dragonfly doji or morning star candle formation.

CryptoTony1

Lovely move from ZILUSD thus far .. following what appears to be a completed WXY leg down. I am looking for a pullback after we complete the A wave, which could stretch up to the resistance zone at 0.027 - 0.030.

CryptoTony1

So going over the ICXUSD chart here. We have on the lower time frames from the lows a very corrective pattern playing out indicating to me that we will see new lows. I have marked out a bullish count in a white WXY where Y have has already played out. My bearish count has us in a corrective B wave, which will result in an impulsive move to new lows and the bottom...

CryptoTony1

Looking at how we have come up now up from the low this still to me suggest we have completed the correction yet. The move up is not impulsive, its corrective in nature and can be channeled hinting at the corrective even without a count.

CryptoTony1

Following the dramatic moves weve seen on THETA the last few weeks i thought il give it a go to chart this. To me looks like a clear impulse to complete a C wave of a flat correction . Bullish count would have this impulse as a larger wave 1, but would still mean we would see a hell of a correction. Be prepared if you are in a position right now.

CryptoTony1

Here we have my bearish bias on Ethereum, which is my primary count for now until we put in a higher high on the macro as stated in my Bullish Ethereum count.

CryptoTony1

Here i have my Bullish Ethereum count. In order for this to be valid i need to see a move up past the prior high 293 on volume in order to put in a bullish market structure. My bias is bearish until then ofcourse until i see a bullish change of behaviour.

CryptoTony1

Here i have depicted my longer term elliot wave count based on the structure we are seeing and the reaction off the lows. There is a count to say we are getting an impulse off the lows. Again this to me will only be as a result of a C wave and do see us putting in a final low before seeing the true bull run commence.

CryptoTony1

As it stands i do feel we have one more low to go before il consider Ethereum to have completed its larger cycle correction. The move off the lows cannot be counted as a leading diagonal or a wave 1 so i do not believe we are yet to see new highs. On the prior drop we had we did not hit the 0.618 of the W wave also suggesting the bottom isnt in. Keep this is mind...

CryptoTony1

Looking at the overall structure here i do see us in the impulse down for the larger B wave and ready after the next drop to the 17-16 region. Once this has completed il be looking for swing longs up for the next swing to the 60.00-70.00 region. Will keep this thread updated as much as i can.

CryptoTony1

Overall i believe we are in a WXY combo for a larger wave 4 overall on the macro count. Looking especially at the correction from 3200-14000, the time lapsed for this for me didn't equate to an impulse but infact a corrective x wave (evident by the rejection from the golden pocket from the 3200 lows and the peak at 19,000). I still believe we have another low...

CryptoTony1

So my thoughts on this price action is simple right now. We are displaying hidden bearish divergence on higher time frames, declining volume and a corrective move up towards the death cross. In the past we commonly test the death cross before continuing down .. so my analysis stipulates we will see $7500-$8000 tested before coming lower to new lows or a double bottom.

CryptoTony1

So my thoughts on Litecoin right now are very similar to the rest of the market. I see a final lower low before putting in for me the bottom of this entire correction and to then build the foundation for the next bull market.

CryptoTony1

So BNB has been on a mission for the last few weeks and I don’t think it stops here. My Elliot wave count suggests we are in a 4th wave right now, which has corrected deeper as expected due to the shallow wave 2. I expect a bounce along the golden pocket and a final push up to test the highs.

CryptoTony1

So i propose this idea that wave 4 for BTC is in fact a flat correction. Whether its expanded, regular or running depends on where we end up here. So in my view we have completed an expanded flat for A wave of this wave 4. Were now in the B wave, where to me looks like its taking form of a zigzag formation (535), where we've completed the first 5 wave down (A...