Bitshares appears to be at the finishing edge of a long correction. If it dumps under 150 sats all bets are off, but based on the monthly correction candles this would be the perfect time for a strong bullish reversal. BTS has been in the past a great indicator for when other alts will pump hard. The question is will August be the month? I think it is very likely.
Weekly chart shows high selling volume on many exchanges. Also seeing that doji candle which shows a scary reversal could happen. I am long term bullish on BTC but based the chart I wouldn't be buying any until it comes down to $7200 or so level.
I am bullish on XRP but the chart is telling me decision time so it is possible still for XRP to dump to 10 cents or so, but right now I find that extremely unlikely. If it breaks above 55 cents with strong impulse wave then we are about to go for an insane ride.
*IF* BTC corrects and doesn't fall under $3k then I would view this last wave as an impulsive wave to a higher degree up. That could have been wave 1 and now we could be entering wave 2 correction to $8k or so. If that hold and we touch that support zone and blast up then that would be mega bullish sign for BTC and alts. Waiting for now to see how the correction...
Comparing the previous correction fractal it appears that the huge btc move up has further progressed the Xrp price action forward some. Based on the time frame analysis we could see something big happen in July or August...either way very soon imo!!
Look at how the ZEC/BTC pattern keeps repeating. This is VERY similar to the XRP/BTC fractal correction pattern too. Both are getting tighter and tighter forming, and in my opinion, are winding down before the next huge impulse blast up!