Litecoin has just started an ABC correction and could go down to 136 if the wave count in this chart holds. Of course, it is not a trading suggestion.
It appears that Ripple has completed five waves and is now in the A wave of a corrective ABC pattern. Of course, it is not a trading suggestion.
It appears that ETH has completed five waves and is now in the A wave of an ABC correction that could take it down quite a bit depending on the level of correction. Of course, it is not a trading suggestion.
Although less likely than the primary count, Bitcoin could also follow the count in this chart and go down to 7750 before moving up.
Ripple is dropping in Wave C as expected. I have zoomed in to Wave C to show you sub-wave patterns. Targets are still the same. Be aware that these five waves could be just the first wave of C meaning that the price could fall much further than expected, although it is less likely. I will keep you updated. Hope you liked the analysis! Cheers ND
XRP is dropping in Wave C of an ABC correction. It appears that the wave 4 of C is almost complete and wave 5 is about to begin shortly that could take XRP to about 77 level. Of course, it is not a trading recommendation.
Bitcoin is currently in Wave C of the ABC correction. Wave C has five sub-waves: Bitcoin appears to be in the third of the five waves. I have zoomed into the third wave for clarity. Targets are still the same as published earlier. Hope you liked the analysis! Cheers ND
Bitcoin is in the C wave of the ABC correction. Wave 4 of C now appears to be almost complete and wave 5 is likely to take Bitcoin to around 8700 price level if the fifth wave of C is equal in length to its first wave.
Ripple could retrace back to around 50 cents if the wave count in the chart is correct. Wave B is now in progress after the completion of Wave A. Wave C is yet to start. I assumed that Wave B will retrace to about 40-50% of Wave A and Wave C will extend to about 1.618 of Wave A. Similar patterns can be observed in other cryptocurrencies but Bitcoin appears to...
Looks like Wave B has now completed at the level predicted in this chart: I have adjusted the wave pattern slightly after the completion of Wave B. Wave C is now likely to take Ripple down to 0.53. Of course, it is just my idea and not a trading recommendation. Feedback is welcome.
I have updated the wave count for Ripple after the original count got invalidated as wave 2 retraced beyond wave 1. It appears that Ripple is in Wave C of the ABC correction now. It could go down to 0.7 (if wave C = wave A) and to 0.57 (if wave C = 1.62*wave A). Cheers ND
My previous wave count published in the link below got invalidated with a large swing on both sides on the weekend. As a result Wave 2 extended beyond Wave 1 which cannot happen. Therefore, I have changed my wave count and now think that Bitcoin is still in Wave B of the ABC correction. If this wave count holds then Bitcoin can go down to 8400 (if Wave C= Wave A)...
ETH is now in an ABC corrective wave after touching 700s. It has already completed Waves A and B of this corrective pattern and now appears to be in Wave C. It is following a similar pattern to Bitcoin and Ripple as described earlier (see below) but it seems to be the strongest of the three as its Wave B retraced back 78.6% compared to only 50% and 68% for Ripple...
Bitcoin is following a corrective ABC pattern. It has already completed Wave B a little above the level predicted in the following chart (Wave B retraced to about 62% instead of 50% assumed in that chart). The first wave of Wave C is now in progress and is likely to be completed today. Currently, the price appears to be in wave 5 of wave 1 (of the bigger wave C) -...
Bitcoin could retrace to 7360 if the wave count in the above chart is correct. Wave a of B is now in progress after the completion of Wave A. I assumed that Wave B will retrace to about 40-50% of Wave A and Wave C will extend to about 1.618 of Wave A. Similar patterns can be observed in other cryptocurrencies but Bitcoin appears to be lagging behind Ripple...