I am voting for Blue but can not be excluding the black scenario also!
Now still the 3-3-5 scenario is alive but if price going back inside of wedge than we can have a new view like this!
This scenario is a long time in my head and still, it is one of the possibilities for me!
For this to happen we need a sharp downside movement for BTCUSDT
The waited level of 2.600 is not taken so the picture is changed a little! In this case, correction can be deeper than in the previous view.
I hope I am wrong but at the moment I see some crazy signs! If the next step will be like this we have one problem and that is a big one !!! Price is back in a wedge-trinagle(and the wedge scenario will be alive again). What does that mean? In many of my analyses, I mention that a wedge or triangle where we have ABCDE formations often we have two stop-grabbers at...
We are at level where we can take care of our positions! In the Long term, anyway we have a very good sign for further upside movements but if you want to play sharp than this scenario is very possible at the moment.I believe a lot of traders think the same so it can happen easy!
Starting from here and here
T1 is the Back-test line of the upper wedge line Next level T2 is Fibo extension 100% and fibo retracement 50%! I am voting one of these two levels now!
It can go up and down but very possible it will climb much much higher than we can think now! Remember for example what happens with RVN we have almost the same situation nowhere! Before After and check where is now :-) So my conclusion is :HODL in some case is a Bull__it! When price reach the target must exit! The target for LINK is very high but when once...
Until price holds above previous low I am Bullish on beam!
The market is very tricky. I made a lot of analysis with different views and scenarios but generally, the result is almost the same at least. BTC is still in a wedge but the 3-3-5 scenario is also alive. Finally, the market must decide on a favorite one!
It started to rise earlier than other ALTS and 13. place on Coinmarketcap is not bad but maybe have more in Chainlink than we thought before!
Something told me it will go much higher before any bigger correction will happen!
The market is ready for next moves soon so do not miss your chances! Sure it can go a little more up and down but opportunity more than good now! The first real target in the longer-term is sure fibo 61,8 retracement level and fibo 2.618 extension area(That is often a target for wave 3). So all we need now is a little more patience and some trust in ETH! 2020 can...
If the price going into T5 level than further upside movements are with a higher probability.
A very boring wedge is still on the way so few opportunities are only tradeable now!