On the left we look at the Dow on the daily chart. My current and very reasonable wave count is that we have seen 2 abc-waves and therefore we are currently in a flat correction. The next sign is the high volume on the downdays which shows that there is fear in the market. And when we look at the cloud we can clearly see that we have no clear trend at least not on...
Now I will go over the 1st possible scenario after making the 2nd;) In this case btc has already done it´s full Abc-correction. The flat correction started with a very short but deep A leg followed by a strong B leg (retraced more than 62%-> flat correction). The C leg retraced a little deeper than the A leg and took also more time to built. Assuming that this was...
In this scenario bitcoin has already done it´s first (A) leg of an Abc-correction. Therefor we would currently be in the B leg of the B greater B-Correction, bc we have already completed the A leg with a weak 5th wave. After the move back we would see another wave towards the 12k then we would fall back to support at around 10k and come back to build eventually a...
1)Red Entry 1:241USD(50%) Entry 2: 301USD(30%) 2)Pink Entry 1:201USD(50%) Entry 2:241USD(30%)
Bearish if... ...we stay longer under the ichimoku cloud and the cloud turns red. ...we break the logarithmic trendline. ...we go below the last down (under 9000). Already bearish bc... ...Kijun crossed Tenkan. ...Last time we closed below the cloud was in August 2016.
We nearly finished the 1st Market Cycle on TRX after the ABC Correction is done. The 1st Entry zone for the new Market Cycle is between 600-700 satoshis, right on the last 3rd wave.
Currently we are in the 3rd grand wave and the 5th intermediate wave. -> targets till 1000USD before pullback