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While it appears that Whales are playing tricks with Cryptos, evidence is now emerging that they may be following a double zigzag WXY pattern. In this pattern, two ABC waves are joined together to form a larger structure as shown in the chart (green wave). If this is correct, then Bitcoin and other cryptos are currently moving up from W to X. For Bitcoin, this...

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Bitcoin appears to be making a triangle pattern after falling from around 10000 on May 6. The patterns are similar in other cryptos including XRPUSD, ETHUSD, ETHUSD and BCHUSD with some minor differences. For example, the triangle is ascending in ETHUSD and not symmetrical as in BTCUSD. Watch out for a breakout and a retest.

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ETH is moving in a corrective pattern from the top of 833. Thanks to Elliott, we correctly identified this move at 802 on May 6 (see below), identified the beginning of Wave B (see below) and called for the start of wave C before it actually began yesterday (see below). Now, it appears that ETH would complete the C wave around 620. Although it is possible that...

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I evaluated Bitcoin patterns since its top in December 2017 to get an idea of its overall movements. I was very surprised by what I found: if the analyses are correct Bitcoin will go up to 14000 by mid July and then go down to sub thousand levels by December. Let's see how the analysis work: ABC corrective pattern is made up of three waves: A, B and C. ...

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BTC started ABC correction from the high of 10000. Thanks to Elliott wave theory, I called this corrective wave at 9700 on May 6 and predicted that it would go down in an ABC pattern to around 7845 if it retraced by 61.8% (see the chart below). I correctly identified the start of wave B in a post on May 7 but increased my target to 8700 based on the length of Wave...

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Ripple is correcting in an ABC pattern. Currently it is going down in the third wave of Wave C which could take it down to between 62-70 cents where the correction is expected to complete. Note: It is not looking good at the moment as neither the 50 day EMA nor the 200 day MA offered any support. Therefore, it is possible that it could move down further as all...

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SPX has broken out of the triangle to the upside and has moved above the 100 day moving average. It has been jumping up and down between the 100 day and 200 day moving average since 22 March, so this movement is quite significant. However, I would look for an ABC correction coinciding with a retest of the top of the triangle in the next couple of sessions before...

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It appears that Wave B is about to finish and wave C is about to start. It is also possible that all three waves have already finished and ETH is currently in a new wave to the upside but the nature of the waves does not look impulsive to me.

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Litecoin is correcting in an ABC pattern. Currently it appears to be in Wave C which could take it down to around 143, very close to our original estimate of 136. Stay tuned.

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Bitcoin has moved nicely in an ABC correction pattern. It is currently completing the C wave and could go down to between 8800 and 8900 for the pattern to complete. This region coincides with both 50 day EMA and 200 day MA and is likely to offer support for Bitcoin to change directions. Note that it is possible that this whole correction is just the Wave A and...

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Enjoy!

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My thoughts on ETH movements...

ndau Updated 

LTC is going down in Wave A of the ABC corrective pattern. It could go down a little before going up in Wave B. Note that wave B is usually choppy and difficult to trade. LTC is expected to move down again in Wave C after the completion of wave B.

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My thoughts on LTC movements...

ndau Updated 

BTC is correcting as predicted. It appears to have completed Wave A though it could still go down a little. BTC will go up in Wave B after the completion of Wave A before dropping down again in Wave C. However, the correction may not be as strong as I originally thought and it may only go down to 8700-8900 rather than 7800 but we will get a better idea after the...

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Ripple is correcting in an ABC pattern as predicted on the weekend. Wave A of the ABC patters is now almost complete as predicted although it could still go down a little. Wave B could start anytime now which could take Ripple back up to between 85 and 90 cents before the start of Wave C. Of course, it is not a trading suggestion.

ndau Updated 

ETH is correcting in an ABC pattern as predicted over the weekend. It appears to have completed three smaller waves and could move down further to complete the fifth wave. After the completion of Wave A, it is likely to go up to 765-790 in Wave B before going down again in Wave C. Stay tuned! It is not a trading suggestion.

ndau Updated 

It appears that Bitcoin has completed five waves and has now started a correction. Not a trading suggestion - just for my future reference.