GMO seems to be in accumulation phase. Its back at lows. There is really not much room to go down. Good region to accumulate for long term. Could be preparing for massive move pump.
Theta broke out and made impulsive move. Currently correcting that move with C wave of the correction still left. Buy at the lows for big move up.
SC is making large flat structure. Buy the retest of the lows or new lows for a trade to test the the high of a.
ETH made a parabolic move up that last couple of years and now we are correcting whole of that move. Corrections don't end so quickly. They are usually time consuming. If this correction is in the same degree as the parabolic ascent, we are not done yet. I'm seeing this as WXY double wave combo of zig zag - flat - zig zag. Since we broke the low of W this can...
ETH completed an expanding flat structure which I was discussing my previous post. The expanding flat here is forming the X wave and expecting another Y wave down to atleast retest the lows of 2018. I believe the temporary bottom for ETH has already been made and now we will go back and retest. There is a possibility of new lows too be formed but I don't see it...
XLM complete correction is WXY double wave combo with W making zig zag, X wave as a flat, and Y wave another zig zag.
In my previous post, I had discussed an alternate scenario and that it would be a good time to close shorts and be looking for longs if btc doesn't break the low soon. We got a nice pump after that due to Tether fud. The structure is different on the USDT and USD exchanges. Will be adding my thoughts on USDT chart later in an update on this post. I'm using the...
XRP is correcting the big impulsive move we got earlier. I expect this to make some sort of flat like structure. Currently, I believe we are still in the A wave which still has some more downside left. There is still more correction left before this takes off,
TLRY is currently in the B wave of an ABC correction. So far it has completed subwaves a and b of B wave and looking for upside on c leg to complete the B wave in the larger degree ABC. Watch for this flag to breakout for a nice long setup to around 200$
ETH similar to BTC is looking bearish. Broke down and formed a flag. Perfect short setup down to lows of 2018.
Wan made an impulsive leg up and now we are still in correction. Expecting one more leg down for retest of 1000sats levels and then new larger impulsive leg up.
The corrective structure after the very sharp impulsive drop from 7.4k is very likely a contracting triangle. Notice how each of the waves in the triangle appear to be in the same degree and very similar nature - sharp moves up and down. MACD is also forming triangle
The ABC correction looks complete here. I wouldn't be surprised if btc break downs. The C wave is most likely truncated giving the contracting flat type structure. wait for breakdown and correction for short trade setup.
**Double click the price line to show the chart since its on log scale. XRP made an impulsive move in the beginning of 2017. The arrow shows the impulsive leg since then it has been a big monthly correction. First drop from the high of may 17 was the A wave of the correction. Currently we are in wave B which is looking like it will form some type of flat...
XRP made impulsive move up and then consolidation outside the previous structure. Watch for the breakout for long to 0.66
ETH is doing more complex corrrective pattern. Its consolidating right now after making impulsive move up so would be expecting another leg to retest the previous highs atleast.
BTC is still making corrective pattern however like I discussed in my previous post this whole pattern could be WXYXZ. Z wave still has more leg up left if thats the case. Watch a for bull break from this consolidation for a long to 7100. I'm still expecting a new low to be formed after this WXYXZ completes.
SPX 500 is currently correcting, since we broke the top there can only be 2 possibilities for this correction - either a running flat or expanding flat depending on whether C wave breaks the A wave low or not. Short the breakout for nice short setup SPX. Expect this move to be swift very similar to one we got towards the beginning of the yr.