Detailed Elliott wave analysis shows a huge confluence zone at 60 dollars, targets in green on the chart. We are approaching the end of the correction WXY, last wave Y in ABC, we are currently in the 5th wave of the last C. The count of the subwaves of C shows that the correction may be finished before (targets in dash based on the subvaves count) Happy trading!!
Detailed Elliott wave analysis on XRP/USDT shows a big confluence zone at 18.5 USDT. The price actually goes down in 5 waves (C wave of a big WXY, big picture not shown on this chart).
target in blue on the chart corresponds to a wave 5 at 261.8 of wave 1 and at a Y at 0.5 of wave W. 18.4 cents should be the final target before the bounce.
I had to modify my last plan to extend the 3 of the A, the retracement of wave 4 being to shallow to be a B. We are at the moment in the middle of wave 5, targets in red on the chart. it will be followed by a wave B where BTC will gain dominance. Alts are not necessarily good to buy at the moment though as BTC is loosing value against USD. I would stay out of alts...
We are finishing our WXY correction of wave 1. Target in bold green on the chart, it will be followed by a wave 3 and a big pump, be ready. I would long XRP at this target and place a stop just under, so that the R:R is quite high. if the price goes under the beginning of wave 1, the scenario is invalidated and it means that wave 1 is in fact a corrective wave....
Looking at the recent wave pump, the only subwave count I found was a corrective one, so I updated my previous scenario by including the current correction in a WXY. Targets in green on the chart. Lowest target would do a double bottom with wave 1, if it goes under scenario invalidated. Short for now before further information.
this mini alt season (wave 4 of the last wave 5 in BTC dominance) is still not finished. It follows an ABC correction, at the moment in wave B (so the BTC dominance is going up at the moment). The main target for the B is indicated in green on the chart and corresponds to a 38.2 retracement of A and a 123.6 retracement of the subwave A of B.
I will be longing alts...
EW analsysis of BTC dominance shows that we should be in wave 4 of the last wave 5 of 5. It s synonym of mini alt season, it will be followed by a wave 5 where BTC will pump again against alts, then it will be the crash and a big one. The targets for the wave 4 are in red on the chart. I tend to think the first red line at the 23.6 retracement is the most...
I consider here a bullish scenario, the flat correction ABC is arriving to an end, target in red on the chart. The target I consider more probable is the 85.4 of wave 1 , that would almost exactly C as the 123.6 of wave A. It should be followed by a wave 3 upward. Invalidation of the scenario it goes under the 1.3 of wave A. If the scenario is invalidated it means...
we are almost finished with the retracement of wave 2. 2 targets for the end of wave 2 indicated in red on the chart. It will be followed by a big pump (wave 3). Invalidation of the plan if wave 2 retraces under the beginning wave 1. Happy trading!
We may be in the middle of wave 5 in BTC dominance, at the moment probably at the beginning of wave 4 with 3-4% correction still to go. Wave 5 will be followed by a major correction, it s when alts will moon. Good luck to all and happy trading!
We are arriving at a crucial point with XRP/BTC, the 1st target of the WXY (Y arriving soon at the 38.2 of wave W). There is also a perfect confluence with the 38.2 of the internal ABC of wave Y where XRP is arriving at the 38.2 of wave A. I am forecasting there a big rebound.
For the first time since the last bull XRP season, on the XRP/BTC chart in weekly, we have:
- %K stochastic > -20 ascending
- CCI 20 > -100 ascending
- RSI 14 > -30 ascending
The XRP season has official started!