BTC volumes indicates that WAVE 3 is in process! The wave is still not over and can show us a new HIGH! After that I am expecting a correction in form of A/B/C to the 0.5 FIBO levels ( about 27.5 K +-) and the final sub/wave 5 of the global bulish mid-term WAVE 5 to reach the 1.6 of FIBO extention level ( about $35-36 K )
1:-OPEP+ downgraded the petroleum production 2:-USA Strategic Petroleum Reserves are in ATL and will need a refillment 3:- The global production(discounting the European one, which is in a decline) are in growth phase what indicates a growth of consumption of energy 4:-Elliot Waves Theory indicates also an end of the correction A-B-C
Bearish signals are appearing in the UDSDT dominance chart! Take in consideration that this chart is opposed to the BTC dominance, so it's a bullish signal for the BTC price action!
As the summer gets closer the filling process of European reserves gonna take place soon, the Usa production lost some precessing power and the North Stream gaslines being partially destroyed, we can see an exponentian growth of the Natural gas Price. First possible targets are presented on the Chart
My analisis shows me the possibility of a bearish local downtrend, to take part of the luiquidity and the posterior final 5th impulsive wave to compleate the global downtrend bounce
A first phase of the correction is over, waiting to see the reaction to further mooves!
Ethereum is following the BTC growth; here is my possible scenario by the Elliot waves analisis
BTC is going to probably close the CME Gap in the zone of 28K!
I described a possible scenario for Apecoin! In a more small period of time we can actually see a bit of correction and a final impulse to finish our 12345 wave sequence!
104.7 point and a rejection to go test the support!
I'm expecting the last 5th wave to that 0.62 Fibo zone 9.2 cents+- that I marked on the chart! Btc gonna show us some growth to that 26.300 $! Temporarelly I'm a bull; but I am not convinced of the Bull market start!
I expect a simple ABC correction as the BTC is showing some correction signals
Inflation hike and the raise of the intrest rate of 50 basic ponts gonna stronger the Dollar and gonna provoke a flash crash in all crypto assets!
Cronos chart shows us a Dogie with volumes! I made some wave model and We can see a clear spring/fake out! All this is indicative to concider a lazy growing cicle!
The ending correction of the 5th impulsive wave! Take notice that the most regular zone of correction is 0.5-0.617 of FIB levels!
Dogecoin Elliot waves for mid-term, probablly gonna see the retest of the lower zone!
Cronos Still very Bullish Long-term! Probably final shake-out to that 3-4 cents levels to take part of that huge amount of liquidity! And the final 5th wave gonna take place!
Wikness in the chart and we going for that liquidity sip down to my markt zone! After we have good possibilities to hit thas 12-14 cents!