In my earlier post (see related) I shared a map of possible complex correction unfolding as double three. This map shows possible continuation of retracement of BTC after temporary strengthening within wave XX. It will be triple three WXYXZ model, which implies even more weakness for the first crypto.
After completion the growth would resume.
Targets 4.5 Bullish divergence.
TR is in a triangular consolidation. Could hit the upside of the uptrend channel at the 44.
Ripple could be in the last wave C of a consolidation wave X before another drop in wave Y.
Gold is trapped within a large complex correction labeled as WXYXZ. Current upward move could be the last wave up within wave X before the last drop in wave Z.
There are two possible options for further move of litecoin. 1) The consolidation is going to finish and further drop is imminent as highlighted with red down arrow. 2) More complex consolidation - ABCDE triangle - wave E is pending and then another drop as per blue zigzag.
Its one of possible options for bitcoin cash consolidation.
Main coin is still in a correction. It became more complex to shape double three w-x-y model. Parallel channel's upside shows the area where wave Y is equal to wave W. It will be the minimum target around $18k. It perfectly coincides with the 78.6% Fibonacci retracement level. Correction also could make the full retracement to the previous major top around...
EURUSD broke out of consolidation and made a healthy pullback to the broken line. Now it could reach at least the previous top at the 1.2090 mark. If the 5th wave would be extended then we can see even higher levels in the 1.25-1.26 area.
Western Gas Partners (WES) broke out of the small downtrend (yellow). It means that wave B is over and the wave C up has started. Price could reach either the previous top tagged by wave A at 67.44 or hit further up to touch previous major top at 79.81 as highlighted with orange rectangle.
It looks like Bitcoin has entered the large consolidation period. It could take some time to evolve. Wave A down was quick and strong and it could be over. Now there should be the wave B correction of wave A and I highlighted the potential area of retracement with blue rectangle. After it finishes we can see another dip in the wave C at least to the low of the...
IOTA got hit with a deep correction below 78.6% Fibonacci retracement area. The previous top and trend channel upside could be the minimum target area (orange ellipse) between 5.8 and 6.5.
This could be an extension of wave 5 and we could be in a sub-wave 3 only, which already hit 1.618 of wave 1 as a minimum target. It could hit any ratio between 1.618 and 3-4-5 as very strong move is underway. 20k could be an easy target though.
Bitcoin Cash ideally copied the trajectory set by triangle shape mentioned in my earlier post (option 2) (see related). If the labels are true then we could see the rocket move to the previous top at 2799 that means more than double in price.
This is an update of the chart posted on 23rd of November (see related). We got the first small impulse up followed by correction = wave 1 and 2 of big (5). It means that the big 5th wave would be extended. I applied Fibonacci levels to measure the target. Rectangle depicts the target area. But the price could exceed it to touch the upside of the trend at 1.28...
VLP could be in a large Triangle consolidation wave X. The last wave E of Triangle is underway or complete. It shouldn't break below wave C end at 38.89 (red line). Target is at the 69 where Y=W. Risk/Reward 1:15
Nike is in a large flat correction (WXY), it lasts from Y2015 and could finish only as early as next year. Another drop down in wave Y would finish it. Target = white rectangle = 49.01 (end of wave W) or 42.13 (Y=W).