I wrote in a previous post that we maybe in a wave 2. But if the current correction goes below 5920, then a recount is required. However, with the current state, still long for now, until it's broken below
Assumption: The day 1 price drop, I'm ignoring that. Qtum doesn't have enough data. Maybe more data there is, the wave counts will change too.
Qtum just finished a Extended Wave 2 flat. Lets see where this goes
Looks more and more likely that we're going through a big wave ((4)). It makes sense. With Trump making all the trade wars with the different countries, sentiment will turn bad and some may even think will crash. But because we've crashed in 2008-2009, the period now looks like a flat wave ((4)). Hence long term still long ...
Always on beta. Elliotticians, your comments are welcomed.
What I'm assuming here is in 2017, it was a huge Wave 3. this is because Wave 3 cannot be the shortest wave. And from the weekly chart, we are just about to end Wave IV with a contracting triangle and have passed the 0.618 of $7564 (from the top of $19666). On the ...
Always on beta. Always improving on counting waves. Elliotticians out there, please do give your comments. Why I'm getting more convinced that we're having a upcoming wave 3 is because ETH and many of the cryptos have fallen past 0.618 of the 557. Let me know what you guys think. I'll zoom in to the current daily chart in a bit.
It seems to me the prices are gonna fall. The angle/momentum at which the prices are climbing up is a bit too slow for my liking, compared to the speed and momentum at which it fell in August. But there are no short indicators right now. So I'm still neutral on this.
Looking at the daily chart, it's not clear where BITSTAMP:BTCUSD is doing. But if you zoom in and look at the 30 min chart for the last 30 days, you know that BTC is at the point where it will just bounce back up. However if the makes a sudden dive, then re-analysis will need to be done