Bitcoin Cash likely to break out of a B wave triangle targeting $254. Other than that we have broken back into a pretty decent range here from $205 - $275 that should make for some great scalp trading if we see some sideways action.
OMG potentially setting up for a nice long entry on the next push to the downside.
Although it was not perfect, Link had a nice bounce exactly where we would want to see it for a 4th wave before continuation up. I would have preferred not to wick it, but because we never closed below it, upside is still valid. However upside begins to breakdown if we break back below the .382 retracement around $10.50.
Looking for continuation up to $3.40 - $3.70. The pullback should make a great short entry.
Upside for Dash could potentially be finished before continuation down.
Looking for price to target $370 - $380 before continuation down to $240 - $250.
Locally, I'm looking for upside in Bitcoin but my bias has strongly shifted towards the upside being limited. The bullish case for Bitcoin has gotten a lot weaker after the most recent sell off, with momentum on the 8 hour, 12 hour, and daily breaking under bearish control at a moment where it is absolutely necessary for the bulls to apply upward pressure. The...
As of now, nothing about the upper targets has changed. The pullback just came down more aggressively than anticipated. It has filled in perfectly for a 4th wave. There is a chance that we see one more push to the downside (illustrated in yellow). But after finding support at the 1:1, the likelihood for a bounce from these levels is much higher. A correction...
If Link can avoid the potential fate of the rest of the market or if the broader market starts looking stronger towards the upside, the sky is the limit.
EOS likely targeting anywhere from $0.50 - $1.50 over the coming months. Could potentially visit $4.50 - $5.00 before moving down.
Seeing what now appear to be potential tops across the market, strongly supporting what I had noticed was potentially occurring in Ethereum & Bitcoin's Macro structures over the last couple of weeks. Dash could see one more hit up to the $120 region, but things are looking very strongly toward the downside over the next few months.
Cardano has broken structure, confirming that the impulse that we have been following is finished and we have begun the macro correction. How deep we retrace will depend if this comes down correctively or impulsively. As of now, my primary targets are $0.07 - $0.05. However, if this comes down impulsively, we could very easily see new All Time Lows.
Two scenarios, but both are still corrective - as of now. It looks like it could potentially be setting up for a nice Long entry. Breaking below $10.2k is a little too close for comfort, but it is not invalidated until a break below $10k. Targets will vary depending on if we move up impulsively or collectively. So I will update if we end up getting some sort of...
Chainlink is potentially nearing areas for a bounce. The primary area I will be looking to see a bounce is around $13.50 down to $11.50 for a potential long entry.
XRP will likely encounter sell pressure at $0.28 for a potential short entry.
Potential short entry around $460 - $470. Primary targets are $380 - $400 but I will update further once the rest of this pullback fills in.