We have completed wave 4 (more than 40 % retrace without retracing wave 1) of the impulse waves and the start of wave 5 has begun.
Sticking to the current trend line, perfectly through the rough seas. We should see a previous high within the week.
There has only been blood in the water with respect to BTC.
Though I see a possibility of a reversal right now, if BTC is able to make it back up above 8K and stay with significant volume breaking the wedge that would be our confirmation to reenter the market.
RCN - cup & handle formation.
Indicators are bullish
Releases expected this week :
Advanced smart contracts
Exchange beta version, expected to be launched between December 2017 and January 2018"
NEM is currently creating a cup. Looks like the path to the 5th Elliott wave has begun.
Catapult releases and news like : coinjournal.net
will likely cause great gains on NEM very soon.
Keep an eye on it. No need to hastily invest in it.
Expecting to see great...
Well, this is just an idea. So here it goes....
Are we seeing what happened last week prior to the major drop in BTC? Look at the boxes drawn above.
The trend started on a Thursday a similar pattern , my theory is that it is going to repeat this pattern.
The RSI is directed downwards, though the MACD looks like it is about to turn , which is very similar to last...