Wait for price to break out aggressively to the upside. If no then one more dump before big pump.
Chart pattern looks impulsive to me. Watch to see how correction plays out, Could be over but it is more likely to be some type of ABC or WYC sideways correction from what I am seeing.
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.
Watch for impulse out of corrective descending wedge pattern.
Comparing the previous bull runs and their correction shows a very promising pattern. We could see BTC consolidate within a sort of triangle pattern until 2020 then go on a mega bull run.
Chart is telling me we could get breakout soon or we would need to wait until 2020. Either way the correction pattern is getting closer to being completed.
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!
Bullish cross on zec. Zec went down for a year and based on the chart it could go up for at least a year IMO.
ABC flat correction looks done and if so we should surge above 48 cents.
ZEC is in a perfect setup in my opinion. It is gaining momentum and looks like it will break out of this correction channel. I would expect it to burst above $100 to $115 or so then correct down to touch the top of the channel trendline area, then burst again above to possibly $300 or higher. Very good time for ZEC holders.
Monthly fractal is EERILY similar to 2017 correction fractal.
Looking at the pattern again with fresh eyes it looks like price might be coiling up for an explosion to the upside. Sears could be showing repeating fractals where price explodes out of the apex. This would be a very bullish sign for maybe the next 1 to 6 months.