Gold has been moving sideways correcting the previous downtrend. The X wave is still looking incomplete here , expecting one more leg down to around 1180 before a bounce up.
The previous post played out perfect down to the tick. APPL gave us a nice bounce and now a correction. Watch for the this breakout for a long to around $240
AMD is currently in correction. Watch out for some kind of flat type correction here seems most probable from the looks of right now before it breaks up to make the next impulsive leg.
LTC formed a big consolidation pattern here - WXYXZ triple wave combo Watch for a short near top - wait for impulse down and then correction if your conservative.
BTC broke down and formed a 3 wave corrective structure. Good short setup for a test of 6000 ranges.
ETH has been making consolidation / flag for another short setup. Short the breakout of this corrective. It can break down from here or make another impulse then breakdown.
DXY is in consolidation with C wave still left to be formed. It can either breakout from here for a retest of the top or make another small leg down then retest the top. Long the breakout after confirmation with correction.
TLRY saw a massive dump after completion of wave 3. TLRY is completing A leg of the ABC correction. Watch for a breakout for long opportunity on the bounce.
BTC is making an expanding flat which is a corrective structure not a impulsive move. Watch for the breakout from this structure for a short opportunity. Still expecting more leg down before a short term reversal
ETH is also forming corrective 3 wave structure. Its basically moving sideways we made just slight higher high but overall picture is still the same.
XRP did 3 wave corrective move, instead of making impulsive move and breaking out. This is not the short term reversal, expect one more leg down before this takes off.
CGC has completed 5 waves up on the weekly chart. Get ready for a big long ABC correction down to around $22-$25.
XRP unlike many other cryptos formed a running flat structure (while most formed an expanded flat structrure) which shows weakness compared to other cryptos. It presents now with a good opportunity to be short on XRP to around 0,17-0.18$
Watch and wait for breakout for short opportunity to around 214-216$ to complete the corrective structure.
Hello traders, I'm seeing a lot of bullish charts on BTC while infact BTC has just been correcting for another big dump. Bitcoin broke down from the C wave ending diagonal to low 6k ranges was the just the first impulse in 3 wave move down. Currently BTC completed a 3 wave - ABC correction to make the X wave. Implying that we should get another move down....
ETH very similar to BTC has completed a corrective pattern - expanded flat. It broke the low and the broke the high of wave A making this an expanded flat. Since it formed a corrective pattern instead of making a new impulse, should expect another wave down before any kind of reversal in Ethereum and rest of the crypto market altcoins.
GBPUSD broke out on 1hr. Watch and wait for consolidation outside for short setup down to the trendline.
ETC formed a running flat and broke down presenting with a short opportunity down to $8. BTC and ETH looking weak atm too. Very likely to see new lows on ETC as well.