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Wave-4

Bitcoin - Larger Correction ComingIt seems far too early to keep pushing up, especially as this very long term trend and Fib level idea has held up very well. I think we need to retest and confirm the lower trendline as support before going up more. This makes sense as to why altcoins are still moving up. If this was a legitimate resumption upward, money should be flowing in to BTC instead. There has been two huge volume daily candles, the first a big red day, the second after Elon's tweet which was a green candle but quit bearish, with a long supply wick. IMO whales used the tweet as a great boost to liquidity so that they could sell. It is also the top of an Elliot Wave as per my previous idea, so these usually have a much larger/longer correction. Daily view
Short
by dontdaytrade
WAVES/USDT New Bullish WaveWAVES has seen some crazy gains this year, coming from a value of $0.25. In the last two days volume has picked up significantly, sending the price upward. Currently, the first resistance to beat would be the R1 line, placed at the ATH around $9. If that one is take out with sufficient force, expect the price to shoot up till $10, R2. In case we will see another wave, like we have seen two times already this year, we might even see the price hit $15. Although that's something for further in the future. Happy trading!
WLong
by FieryTrading
4
EUR ZAR (possible long entry - possible to be a VERY big trade)This is another easy and straight forward setup. This appears to be an Elliot wave 5 wave fractal pattern. It seems to me that we are probably in wave 4, though I do not think wave is finished yet. Wave 4 likes to finish near the top of wave 1. We should be in the ABC/complex correction of the minor waves. We are in a small uptrend that is actually a bear flag in the overall bigger picture. However, it seems we still have upside potential. I will be looking for price to breakout of the counter trend line, probably near the current support level, then ride the counter trend line down to the false break zone near the very bottom trend line. We have stronger support here, the top of wave 1, and an expected place for the bottom of wave 4 to rest. From here it is a long way up to the conservative take profit just before the top of wave 3. If wave 5 is not truncated we can expected a much much bigger move past wave 3 and off of the screen shot. Massive pips can be made off of this trade.
Long
by sgsummers