Market structure looks corrective and not impulsive.
what a beautiful chart..... follow the pattern till climax at vertical lines (dec to jan time).... horizontal lines show Fibonacci take profit levels.
ZEC looks like it is starting the path towards a nice reversal. If it holds then the rest of september and october should be pump time.
EW pattern looks like btc dominance could correct very soon.
XRP has been moving in an interesting wave pattern: Big impulse, ABC correction, then small impulse, retest of bottom... Big impulse, ABC correction, then small impulse, retest of bottom... Wonder what will happen next??
Looks to me like it should break above cloud very soon.
Looks like it is printing a similar corrective structure to me. Expecting a long sideways double bottom before next big impulse.
It appears that XRP is printing smaller and smaller corrective fractals against BTC. Many cryptos do this right before a major trend reversal to the upside. This to me is another bullish signal. Maybe XRP will print another really small one? We will see.
IF 2800 satoshi level holds then that could have been the bottom in terms of xrp against btc. Also it looks clear to me that we could be seeing 5 waves down which means we have entered the terminal end of the correction. All of this while we have major discussions going on in the senate about regulated crypto next week. I think charts show when good news will come...
Zcash looks very impulsive to me at the moment. I wasn't expecting such a fast correction down to the .618 fib retracement level but this could mean we could get a big bounce in the next week or two. August should be a good month for Zcash.
The pattern looks like it is set to repeat again.
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.
From an elliott wave structure point of view this pattern could be complete. Corrections can morph though so it could go sideways but I expect an impulse upwards this next week.
Looking at how this correction plays out.