In the long term, this 3 scenarios are the most logical!
Very simple setup with a high risk-reward ratio! Have a good trade!!
1.Backtest line of the previous wedge of a bigger view 2.The fifth wave of Elliott wave count! 3.Fibo 61,8 retracement level 4.Previous high 5.Fibo extension 100%
Do not miss this chance!!!!!!
The question is about the global view is it will go higher (The purple count)? The Steep 2 if going lower than invalidation level than it is possible a much deeper correction! In that case, do not be surprised if ETHBTC pair and other alts will start to fly! Anyway, personally I think ETH domination will come in 2020!!
We have two possible logical scenarios now! Previous was erased:
Triangle is forming so please take attention to this scenario, the probability is very high that our ideal target area will be taken by the market soon!
Very simple setup ! It can go a little higher around fibo 61,8 + - all depending on the next BTC moves! If BTC will go deeper than LINK can go higher!
Usually, when is market under the manipulation of some bigger players can not make a really clear Elliott count!
The crypto market is the craziest at all so we better not talk here what is possible and what is not! If the same players push money in the BTC market again do not be surprised if we have again a similar movement like the first one!
Long-time waiting but finally, we have this nice entry! Price can go deeper for sure, next lower entry target is fibo 61,8 and backtests point at the upper wedge trend line but not necessary it will touch it! Have a good trade!!!
I am still bearish but in two different ways! So Red or Black? started from here and here and here
So who buys in 2008 when it was" a Blood on the street" was making a nice profit until now but nothing lasts forever!
So many indecision right now, more triangle at same place means more group of traders feel the same about the market! Once when all indecision will be ended storm will come!!!! Not have too much time until that!
If the leaders BTC and ETH will fall than ADA should fall too!
A closer look at the moment of a bigger view!