This my primary count for BTC correction of 2018.
In the beginning of the year we got a strong impulsive move (zig zag) that took us from 20k to 6k forming the W wave. This was the first capitulation.
After that BTC has been in more of consolidation/redistribution range, ranging between 12k to 6k not making any new highs or lows since the volume and price ...
In my last post I had closed my short to re enter up higher again.
Now the ABC is about to complete. ETH can probably make it to around $530.
I will be looking to add my shorts from $520-40 and as it goes up because I believe we have another wave down that will take ETH to $410-20
The last two short trades posted by me have been really profitable.
EOS had nice a little pump on the main net news.
I still think it has one more wave down before we see a strong bounce on this as well.
BTC is also expected to dump soon so EOS can be a real good shorting opportunity from up here.
Target is around $8.
SEC recently declared that ETH would not be classified as security. This led to a fomo rally and finished the ABC correction from my previous idea.
Interestingly, we only retraced to around 0.382 levels giving this high probability chance this is just a wave 4 and we might have another wave down to around 5700 before we a strong bounce.
On the 1hr chart, ...
XRP bear market correction is following the WXY double combo patter which is basically 2 ABCs (any corrective pattern) connected together by X wave.
Currently we are completing the C leg of Y wave.
Target 1 : 25-30cents
Target 2 : 10-15cents
In my previous post I talked about the most likely region for bounce on BTC was 6200-400 and we got one here with a nice volume as well.
With being oversold from 1H to daily chart, I expect some sort of a dead cat bounce to around 6900-7k at the most. I doubt it will get higher than that before dumping back down again.
Using a tight stop and being cautious that ...
ETC recently had news regarding its upcoming listing on Coinbase.
Seems to come completed wave 4 after doing 50% fib retracement as WXY combo correction with 2 ABC structures joined by a X wave.
Here is good long opportunity for the wave 5 in play.
Target around $17
The last short on eos was really profitable.
Expecting another good shorting opportunity here on eos.
EOS looks very bearish. I think it still has one more wave left down before a bounce back up to around $9 region.
Oscillator shows hidden bearish div which is a sign of continuation of the trend.
BTC looking really weak.
That may been wykcoff redistribution.
BTC is oversold but the failing to bounce at these levels with heavy sell pressure.
I think we are getting extended waves here.
This count makes more sense to me.
BTC just completeed wkycoff accumulation on the 4hr chart. This current dip was the spring in wykcoff schematic, where the retail traders long positions stops are hunted and bear trap for the shorts.
I expect BTC bounce from here, this would be the wave B of the zig zag of the Y wave in this whole corrective structure from 20k
While everyone was bullish on the ...
LTC looking bearish here.
So far we completed 4 waves down and are currently putting in the fifth wave.
There is bearish diveregence on the oscillator implies bulls are losing strength.
BTC also doesn't good in particular and also one more leg down
BTC looks real weak. I was calling for double top near 7600 exactly what we got.
It can dump anytime soon. The few green candle pumps are bull traps. Mostly the rejections points that the market wants to move along with bearish diveregences on the oscillators.
BTC looks like is in the wave 4 and still need to complete one more wave down for before we a good ...
Well the previous long trade was bust due to btc dumping.
EOS finished the 5 wave structure with a truncated 5th wave.
This completes wave 1 of larger degree and now doing the ABC for wave 2.
This is a good short opportunity now.
Target - around $12
I expect BTC to hit atleast around 200K-300K usd by 2022.
On 2 conditions -
if the long term trendline at 3k remains intact
btc starts another parabolic ascent.
Although I do believe the current bear market is not yet over and we will make much lower lows to around 3k regions.
According to fibonacci time series, BTC hit this target towards the end of 2021
EOS is great project with strong fundamentals.
This coin has been showing hyperbullish moves.
I think we are currently in the wave 3 of primary cycle subwave 3 after putting a huge 1 and 2 of 3.
This should be the most bullish wave for eos.
IOTA had a massive move up due to the recent new.
Like they say buy the rumour and sell the news
IOTA is doing ABC zigzag now. Wave A is almost finished, expecting a bounce soon to complete wave B and then a final 5 waves down to finish off C leg.