respecting the channel zrx respeccted the 1$ level precisely and reversed, it is now forming the 2nd small wave of a bigger wave which is gonna propel us to the targets shown in the analysis. If btc stays stable for a few more days this should come into play. if it decides to melt, alts are going with it. :)
chart explains itself. next stop is the 618, if btc retraces further we will see a further retracement even to the 786 hopefully we wont see a further retracement than that even though it is fully possible considering a failed btc impulse wave.
if btc behaves this is the path eos will follow. it retraced further than i thought it would but thats okay. it still has the possibility of retracing a bit further to the .236 but thats if btc goes bearish.
Thanks and let me know what you think
omg is curently finishing up its c wave from its abc correction and will be looking to move up after it and commence an impulse wave up as long as btc doesn't mess it up. Short then long.
Let me know what you think. thanks.
After hitting my target at the 618, zrx seems to be experiencing some heavy support and this can lead us to believe that it will continue on track upwards and considering zrx has alot of room to grow i believe this is their mid/long term targets. Unless it drops to the 50 fib, keep an eye out for that But i doubt it.
Thanks and let me know what you think!
xlm finished its downward abc correction and has commenced its first and completed its second one. this was a risky second wave because it almost retraced more than 100% of wave 1 which would of rendered the impulse wave invalid. Although we can see that it bounced off the 1st waves target perfectly and did not exceed 100%. this leads me to believe that the 3rd...
everyday i am learning something new about elliott wave and this is why i had to go back on my bitcoin chart and apply what i had learned. this is my new outlook on the coin and if it doesn't reach these levels atleast the first one i would be very curious to see how the waves are going to play out. short term bear to around 7.8 (around the fib that is shown) and...