asbator

asbator

Correction went down 20% further than expected in the first move. Perhaps it's the end of ~1 year cycle, or maybe just another quick dip??? I expect price to rise by about 50-80% before another fall. It will be good time to sell for those seeking quick profit, not far away from ATH. If this is indeed the end of cycle, there should be double or triple correction...

asbator

First leg of medium sized correction (wave III) most likely at the end. Turn around is usually at the level of previous 4.

asbator

According to my count (not proffesonal advice) we are only in minor correction - wave 4rth. Because wave 2 was typical quick and sharp zigzag, wave 4rth should be shallow and more complex. Steep trend line doesn't leave much time and space for correction. After that one more leg up to new ATH. If thick light green trend line is broken down, this analysis is...

asbator

*** It could be simply IV but it mini-minimally overlaps with end of I (which is against the rules) and it also means that price can't go any higher than it was, otherwise wave III will be the smallest of all (which is against the rules). So yeah - extremly bulish or extremly bearish :)

asbator

Becasue smaller 1-5 had 0.38 correction, bigger impulse wave is likely to have same level of correction too. After that - 3rd impulse wave - up.