We are most certainly in the 5th wave (short term), because ATH has been reached, but volume as well as some of the indicators haven't peaked; very consistent with the 5th wave behavior. Also, the 4th wave, was a zig zag as I predicted in my earlier ideas. As always, i usually leave +/- 10 points for each target. Good luck!
Looks to me as we have an Expanding Triangle, which is a corrective movement, and comes in 4th or B waves. The previous targets I predicted are hitting, on all levels. RSI is down on most of the time frames, and price has been up and down in a closed price range for a little while, just as I thought this wave would be like; zig zaggy (not a real word). Im hoping...
Boy what a day! Hard to tell if were done going up, but just based of the RSI, looks like it....again...you never know. Remember, always give cushion on any estimated numbers and watch the candles with a higher time frame to catch a reversal. Good luck!
Might be winding down on the 3rd wave. RSI is getting little too high, plus we got into 540's. Lets see.
Depending if this current tread stops and goes up, which could be the 3rd wave. If we keep going down here, and drop below 400, then this is off the table. Price points I have labeled are estimates, and I always like to give about +/-10 point cushion on those. Good luck!
We found support 3 times at extreme sell offs around 390 area. Very hard to tell right now with BTC going crazy right now, and ETH moving opposite of it.
This turned out to be a beautiful full out cycle..hope everyone made money and loaded up on some more coins at good prices!! I think its safe to say we are done with the final and nasty C wave...or are we?? Very hard to predict anything in this crazy crypto space, but we'll just assume its done, or near the end. Might be just zig zagging for a little bit in the...
Based on the Wave cycles; we should be in the correctional C wave here, and the graph, this is looking more and more like its heading down. Double Black Diamond Slope? Maybe.
Shooting for somewhere between 439.28 & 432.15 for the low of C wave based on distance of A.
This candle is important to watch when it closes, since its in the support zone , which is identical to the resistance zone of the 5th Wave previously. If it breaks, we go to a short B, or still zig zag down with A. Should be above the red box to go up. **(Sorry for the repetitive posts! Trying to use the different exchanges chart)
This candle is important to watch when it closes, since its in the support zone, which is identical to the resistance zone of the 5th Wave previously. If it breaks, we go to a short B, or still zig zag down with A.
Updated the target to somewhere between 484-489, then wait for the ABC correction to load up more.
Might still be traveling down to the end of the 4th wave; which technically should end in the (445-447) range based on %'s of Wave 1. Or are we back on track for 5? This candle will let us know..Maybe switch to smaller time frames to see the trends..
Interesting to see the mirrored pattern and the price points on the short term timeline.
Have been traveling all day, but just got to a hotel and got a chance to look at some candles. From the looks of it, we're in a middle of a 3rd wave, with 4 hour candles, which carry some significant weight. Just based off support and resistance marks, end of the 5th wave should be somewhere between 485-500..Lets see if it plays out that way. COMMENT & LIKE!!
Wondering how long its going to take us. We'll see if the $400 is a support line for us, or is it going to dip under.