


Just wanted to renowate theese charts: BTC is moving faster than I thought. Correction in wave b is finished. I think it is going to drop in the strongest wave c of 4. According to the wave theory maximum target is the high of wave 1 - it is 1200$ for one bitcoin. Fib time cycle indicates the length of green wave 2. Possibly wave 4 may extend up to the end of...
Just wanted to renowate theese charts: BTC is moving faster than I thought. Correction in wave b is finished. I think it is going to drop in the strongest wave c of 4. According to the wave theory maximum target is the high of wave 1 - it is 1200$ for one bitcoin. Fib time cycle indicates the length of green wave 2. Possibly wave 4 may extend up to the end of...
I suppose, the growth is delayed. Current structure still can be an impuls only after sweeping move above 630 on high volumes. But. More realistic would be a continuetion of a flat like I sketched out. Because volumes on top 3 cryptocurrencies are very low, it doesn't look like before the growth. Also alts made zig-zag correction from the lows of 28th of May. And...
One of the alts I was talking about. Zig-zag correction, impuls down. Don't even see an alternative up for now.
Clear pattern fot "longs". We have the diagonal triangle, flat correction. As far as I already have big amout of longs, I will buy SAN only in alternative scenario: in deeper decline (as outlined in grey). Anyway SAN is persuasively bullish.
I suppose, ETH is going to go in wave C now according to this plan:
Among all, I think, BCH has the most "beautiful" initial structure for growth.
There is a big possibility of a great drop because of a structure of last day's movements. On every major cryptos: ETH: www.imageupload.co.uk BTC: www.imageupload.co.uk
Let's take a look on our friend Bitcoin. At first glance, it seems that it is going to grow. He will, actually, but when? Right now (scenario 2), or after one more push down? (scenario 1) I think that second option. I published scenario 1 as main. Scenario 2 means "failure": pasteboard.co Difference between them is in the structure inside the rectangle. Scenario...
Current picture on BTC looks like a very good opportunity to enter the market. Actually, I am going in long. We have wave 1 from 6500 to 9800. Probably, wave 2 has just finished. And we have quite beautiful impuls up: pasteboard.co After some correction it will be an opportunity to buy from around 9200 with a stop at 8960 and minimum target at 11700. There are...
I see 2 major options now: 1. An irregular is going to be built in wave 2. 2. Wave 2 has already been built. I see wave 1 from April, 1 to April 25 as finished. In D1 chart it looks like this cdn1.imggmi.com upload pics
Nice bullish pattern at OMGUSD. I went long. Stop under wave 1.
Wave 3 is undergo, it must go lower then wave a was, lower 596.
As far as BTC made an impulse from recent high, (via 5 minute chart) quite possible that correction in green wave 4 has started. Its target is 7700-8500. Cancellation level 7500. Zig-zag a-b-c correction in alternative.
More detailed 1H chart, I expect the end of a current growth. There is an alternative which can lead to further extension up, but it means the triangle in wave 4 (alternative grey scenario). I don't like it much because of big disproportion between the scale of that triangle and corresponding with is wave 2. Possible targets for correction are 440-470.
There is, actually, an alternative bearish wave count, but I don't like it much, because: - pink wave 5 ended up with a-b-c wave on April, 1. It is not in wave theory, but, in practice, it takes place sometimes; - impulses in olive waves 1 and 3 looks bizarre. Anyway, decision about entering the market should be made only if we see an impuls on the way down, or...