A possible scenario after the quick impulse. retracements are needed to accumulate before the anticipated big wave.
Bitcoin is showing a small trend we can follow, but it could also be a correction towards the final wave.
My Idea of LTC USDT on BINANCE then a breakout of resistance. expecting a small correction to hit new support then going up.
wave 3 is going to start with a bullish break-out. this is going to be a wild rocket ride!
i think wave 2 is already done. and is now working to wave 3.
ATOMBTC turns to a bullish leading diagonal w/ divergence. buy at 382 or 5. below 618 is the support and sell below it.
I think we already completed the ABC downtrend and is now entering anew uptrend. holding above the support from wave 4 of previous trend. we can also see a hidden bullish divergence as well as a head and shoulder pattern from the start of the wave 1. put a stoploss at 8.30 below the red line.
ETH has broken the bearish trend of the flag and is now outside of it. a little correction from the breakout and we are going to wave 3. A divergence is also confirmed. verdict: short target at $171 stop limit at $183 after wave 2 Long Entry at 171 Long target at 205 Stop Limit at $163