The bullish scenario played out as expected. I am keeping my eye on this potential wave count:-).
The move from 12.5 K to 9.8 k was a zigzag correction. The current move up might not be bullish but in fact a B wave in form of a another zigzag. Possible reversal at around 12.4 K. If it is a B-wave, we should see a 5 wave move down to finish a flat correction on larger timeframe. Target for the c wave down will then be at least 9.8K. Sure the move up could be...
It seems like bearish divergence is getting wiped out, which increases the possibility for a bullish move - be prepared for something like this. Which scenario are we getting - we will see
ETH more upside to come, but first more downside
Think we still have some push ups to finish the c wave. It looks like current correction is wxy. Expect 11.2 and possibly down again to 9.8 before further upside.
There is a possibility, that bitcoin on a bigger timeframe is in the making a big flat correction. Lets see
We are likely in the 5th subway of wave 3. It seems the 5th subway are being extended. it could go to 12.5 or 13.5 before we will see wave 4, which will likely be a shallow zig zag. A close up of the 5th subway (of wave 3) shows the subways as I see them currently.
Has Bitcoin finished correction. It could have, but there is a possibility that we are in a corrective zigzag up to 14 K before finishing the last corrective wave down
ETH appears to be going up medium term but long term it has a c wave to complete
XRP could be finished. Or maybe a flat correction as a z wave may be developing? There is also a possibility that we have not finished the x wave before the final z wave.
Could this pattern be playing out?
move to 10550 could be 5 wave or wxy - difficult to know at the moment. we should at least get a bigger bounce at 8.3 k
I see 2 possible wave counts. I think the bear count is most likely at the moment
It seems we are in very complex B wave that has not finished yet. At the moment the momentum is bullish with a possible target midterm to 11-12 K, I think. Long term still possible we see new lows, however
I had problems with part 3 which was analysis of the move from 3k to 13 K. My analyse had me revise my overall wave count. The move to 13 K was not a 5 wave bull structure but a bearish corrective wave This means, that we are probably in the making of the 5 wave c-wave to the downside.