The bigger picture i seee on LTC/BTC
LTC has been leading BTC so far. Its correction started earlier and still in the making as running flat
I've been bearish for past couple months now since the yearly low has been taken out, my bias has shifted back to being bullish for sometime. BTC seems to be making a large flat structure either an expanding or running flat since it broke the low of A wave. Looking for longs from here back to 7k region for a relief bounce to finish off the C leg in the big flat...
GBPAUD is in a big monthly corrective structure as WXYXZ triple wave combo prior to which there was an impulsive leg down. There is divergence present the between Y and Z wave indicating the corrective structure is coming to an end. This a good short trade to take, if the trendline below breaks its can be a big move down to test the lows. Watch for break and...
ETH seems to be large corrective flat structure with C leg remaining. Looking for this flat breakout to retest the top here before continuation to downside.
USDTRY will be making running or expanding flat for the X wave in WXY combo. Looking for longs for the C leg of the flat. We have impulse and correction, watch for breakout to long.
TLRY seems to completed the B wave of the ABC correction. Watch out for a correction here now for a short trade setup to new lows. I'm expecting around $50-60 based on fibonacci levels. Reversal can happen anytime after we break the low of wave A.
CGC broke down and now consolidating for further downside move. A good short setup on the 1hr chart .
EURUSD is currently in a big correction. We have ending diagonal here watch for breakout and correction for a long trade setup to test the top of the range.
In my last post on SPX, we sold the top of the B wave of the running flat for this impulsive move down which I had warned u guys would be very sharp. 5 waves of the C leg look complete here. Watch for this breakout and consolidation for a long trade setup on the stock market. This is the buy the dip opportunity on the stock market because it will make new highs.
ONT broke out, seeing some consolidation now. Good buy setup for C leg of larger degree ABC correction.
XLM is making a flat type correction after breaking out of the previous structure. Looking for buys around 3500 sats region for another impulsive leg upto around 3900 sats.
XRP/ BTC is in a big correction on the daily tf. Currently correction the downward move it got from the high. Looking for a breakdown form here down to 0.5 - 0.618 levels to complete the X wave in the WXY up structure.
USDZAR is correction the impulsive leg down as flat type structure. C leg is still remaining to complete the structure in the B wave of the larger ABC correction. Watch this correction to breakout for long trade to test the top.
Gold is making a corrective structure in a downtrend. This 3 wave structure looks complete, there is bearish div present on the HTFs. Good short setup from atleast a correction or breakdown to 2015 lows. Watch for the breakdown from the below trendline and followed by a corrective structure for confirmation of the move down to 2015 lows to complete the monthly...
APPL making its final leg up before a large degree correction coming up after that. The wave completed as expanding flat. Will be interested in shorts after the last leg up.
In my last post we had taken longs for the C leg of expanding flat for X wave. DXY is in a weekly correction right with the last leg still remaining. Good short setup right on DXY for the leg down.