Looks like Tron just completed an X wave to me. This could be counted a few different ways but I expect Tron to go down now with the rest of the major altcoins until Bitcoin finds a bottom.
We see a nice impulse here and then deep retrace. The wave correction pattern appears to show a drop coming soon. Could see lend around the .003 cent area. That could be a great time to start accumulating.
Could keep channeling higher up above the cloud...watching this one.
Lets see how the correction plays. Never a good idea to chase pumps that don't look natural like this.
Chart says it all. Wait for break above cloud. Based on the way I see the correction we could see a dip to $15 or so before it starts impulsing up.
I see one more small dump before we see some impulses up.
To me it appears the ABC correction on daily chart could be finishing up right now. It looks likes a 3-3-5 structure to me. However patterns can morph so this could put in a lower low right now, but we are seeing some strong hammer candes with long wicks on the downside which indicates a reversal could be coming. Probably best to wait until tomorrow evening or...
We are seeing 3 wave bounces with this joke coin. Not surprising. Expecting another 3 wave move down or possibly 5 wave move down before any motive waves up.
Ending diagonal's usually happen in a 3-3-3-3-3 wave structure. Notice how Pundi is showing some very 3 wave moves and price action is getting tighter and tighter. This is a sign the bottom is VERY close. Could see dip down to 7 sats or so. This is one coin to keep an eye on.
Icon put in a nice impulse and then a complex correction. Notice how close it retraced to the bottom. Almost 99% retracement. According to EW theory though this counts as a valid wave 1 impulse and wave 2 retracement. Look for good news to come out on Icon this month. Very good risk to reward ratio on this one.
Comparing the previous correction we can see some obvious similarities. We see .78 fib retracement bounce then a continuation down. If the fractal holds then we can expect this month to be green, and then early to mid February to be red down. Using the fib retracement tool we see a bottom at $1800, although this doesn't mean it is the last bottom for Bitcoin.
Looking at SNT and it appears we might be past due for a corrrective pump up. Doesn't look like the correction is over yet. There are several ways you could count the correction but either way it seems we could see a slight relief up before one more wave down.
Further dumping might be required before it fully bottoms.
This last move up looks corrective compared to the first impulse we saw. That could lead us to a fast drop down...be careful
Price action shows a nice hammer forming but the overall wave count makes this appears to be a corrective bounce. I am expecting this to play in as a X wave failure after this bounce is over. Once the bounce finished we should expect more dump down under the bottom of the last wave before the next push higher up.
Looks like gold is primed to "bounce" while the narrative is the stock market is crashing and the banks are buying more gold. Who knows if that is true but it makes a good story. I see a bounce/dump/bounce/dump