Given the recent price action - it pretty much invalidate a triangle as a possible B wave. The bullish scenario could be this wavecount. The messy wave structure up with overlapping waves could be a leading diagonal then as wave 1. the dayli and weekly rsi is bullish as well, and daily macd also bullish. So a lot points to bullish momentum, although the wave...
bullish and bearish scenario. If we get a flat here it will probably be in form of an ending diagonal, or it is an 1/2 wave with a zigzag as wave 2.
Expecting more downside to finish a flat correction
Have xrp finished a zigzag? We could have and we get a bull run. However I am not quite convinced that correction has finished. There is a possibility that we still are working on the b wave, and that we get a bullish move up to 0.68 area before we start the c wave down to finish the zigzag. Lets see what happens. Either way we should go up short term.
Wavecount on EOS. expect a deep wave 4 retirement or z wave down. I both cases it should be zigzags.
It seems that Ripple is correcting in a zigzag, and that we have just begun the C wave down
It seems we have finished 5 waves up, ad that we now could expect some time with a larger wave 4 correction
This 4th wave correction was a complex wxyz correction. we are now in a 5th wave with a target around 50K
It seems as, if we have finished a complex B wave, and that we have begun a c-wave down to complete a zigzag.
the correction could have finished with a wxy correction, which means we could get a bullish move up to break the top. Or we could make a move up to test the top as a B wave of a flat. Either way it is a likely scenario that we get a move towards the 40K, and the bottom is in for now.
Bitcoin still in correction phase - a wave 4 correction I think. As I see it There are 3 possible patterns that can play out. a triangle where we have begun wave d. a zigzag where we are in wave c a flat correction where we are still in the B wave. ----------------- We will have to follow price action to see which pattern develops
Updated wavecount. At the moment Possible targets for the big wave 3 (red 3 in circle) could be around 31.400 or 35.000 K. Happy new year
The 5 wave structure beginning from 3500 (march lows) is coming to an end, but not quite yet. It looks as if we have finished the 3rd wave of the structure. We should now have some time with correction before we move up and finish the 5th wave (of a bigger wave 3)
We are in a bigger correction (wave 4) (the structure from 35oo K) before final push up. Wavecount and fibs suggests that we might correct to around 15.7 to complete wave 4. We will see what corrective pattern is forming. I don't think we will see a correction deeper than that because we have not finished 5 waves up yet (as I see it). ----------------------- It...
It is becoming more clear that the possible bear scenario mentioned In link below is now pretty unlikely. It is still possible, but bear pattern invalidates the we move past 21K for sure. As the waves unfold I cannot see that this move up should end at 21 K and it does not either have the shape of a c wave of a zigzag. So the the other bull scenario is now...
The wave count of the 5 wave structure from 9.8 K is not finished. We are about to finish wave 3 -likely at around 16.6. When wave 4 is finished we can estimate where wave 5 will end.
Here is an updated wave count. I see only 2 possible scenarios to develop for now. 1) the obvious is of course that the wxy-wave down to 3 k, was the end of the correction, and we have since then been in a bullrun. 2) The alternative possibilty is, that the wxy correction to 3 K was only first part of a flat correction- in that case we are now in the making of...