X's are usually more sideways so that's my biggest caveat with this count but w/e think IOTA A bounces here for a bit of a recovery. Will be great for the USD pair BTC pair took a pounding against BTC's rise so at best this just brings us back up a bit to where we started off.
XRP USD been lagging largely because XRPBTC is utter shit. But if we get event a decent bounce there I think we should being to see this. I'd figure this 5 count is more or less the 1 of 5 of bigger C but I'll play it step by step.
While I had originally thought IOTA was done correcting and ready to go, I think we still got some sideways accumulation to go.
Current view on IOTA is as illustrated.
Making a Sideways flat - this is probably the B or X wave of a larger move.
I mean if we get in we get in, this could be a really conservative buy at 0.5 fib but we're buying a in no mans zone for trading.
If we break through then we'll buy above the break through line, but if the army lets us march with them we waiting for em out here.
Greed is so destructive.
we all want moon, we all want lambo... but what we all get is pain...
Lots of reasons to be bullish on eth right now, I'm not saying i'm not..
but I'm down to see this move right here... see everyone 100x long get circumcised.
I'm not shorting this play, i'm just longing if we get there...
likelihood is low right now, but i'm still...
Medium Risk entry. Failing below 119 invalidates this move and leads me to entertain entries even lower at around 112-114.
That would be a separate chart though no point in keeping this chart open to that low.
The ending of W1 is what leads me open to us having one more wave down to complete our 3-3-3 (wxy) correction although for now this is the count I'm...
Counting the entire B leg as an WXYXZ correction with us having completed the Z and now putting in Wave 2 of 1.
Aiming for an entry at the 0.5 of W1.
Breaking below our last pivot invalidates this idea.