Will move my stoploss above the weekly high at $254 if the weekly closes below $229.78. Expecting to hold for close to a year if my count plays out.
We could be in the 4th wave of the 3rd wave but my best guess is we are in the 4th before the 5th and final wave that will start the correction to his first leg up.
Many people think this is the bottom for crypto but I don't. This is a general roadmap for the next couple years that I think brings us back down to 6-7.5k before the next mega bull run.
Sentiment is extreme greed, rock jpegs are selling for a milly. This is my general idea for the path forward but I'm sure it will be very choppy and stress inducing on the way down even if I am right.
Clear 5 wave move down for the A wave makes me very confident we will have another 5 down here to the 20-24k region. Extreme greed across the market and I think its very unlikely we corrected a move from 3k-60k that took 14 months in just 2 months. Be careful out there.
Really like this set up and am long from $11.72. Tentative plan is to sell at first target around $15.60 but will monitor price action in the event we blow through it and get a true 3rd wave which will take us up to a minimum target of $19.00.
I'm leaning into this count the longer we keep putting in higher highs on the hourly. Running flat into an ascending triangle. This means our correction from the 7300 - 10.3k impulse will be fairly shallow but you tend to see those in mega-bullish markets. Will open a small long on the upsloping trendline with a tight stop.
Nice falling wedge forming here. Not sure we will get this deep of a correction considering how fast it moved but I have large leveraged knife catching orders at $8450.
XRP just completed a textbook ABC correction. We've now put in a 1-2, 1-2 combo with perfect fib relationships. First target is 53 cents.
Crypto is back and NEO is one of my favorite coins to trade. Support/Resistances are very rigid so they are very reliable targets. Let's see how this one plays out.
Looking to short the C Wave of this 3 wave correction. 12:1 Risk/Reward setup, doesn't get much better than that.
Most alts are starting to complete their wave 5s here which will end when Bitcoin tops out. Expect at least a 50% pullback once this move is complete.
Perfect setup forming for a good short opp from $5.00 - $3.25
I really like this count for today's action. Binance hack news sent the market down but seems like correction is complete. Very Bullish on ETH. Currently long from $169 with an eye on $210 in the next couple weeks.
Looking for something like this in the near term. Should it play out like this, the next retracement off of our $200ish highs should start a parabolic move since we would be starting the 3rd wave of the 3rd wave of the 3rd wavee of the 3rd wave off of our lows.
Looking close to the end here and the commencement of altseason. Shorts are pretty high still so could see a decent overthrow of our $6050 target.
How I expect BTC to play out over the next few days.
Looks like we are consolidating in a wave 4 bullish symmetrical triangle before completing the last leg of our larger wave 3. After hitting 6k, I expect BTC to stall out and money to start flowing into altcoins.