Hello, Skyrexians!
Recently I shared this article about
OTHERS.D where I pointed out that this chart is about to print another one lower low. Now it's happening, but this is wave 5 and now it's time to look for the altcoins bear market bottom.
Here we have 4h time frame and the internal structure of the final wave 5. Our main reversal signal can be divergence on Awesome Oscillator, and now it can happen if this drop will be decelerated. Price is inside the large green box - reversal zone. If we will see 3 rising columns on the histogram it's going to be the reveal signal with the yellow Elliott waves structure. This structure can be changed if price continues going down now without pullbacks. In this case I will recalculate waves and may be it will reach 7%. Also it shall match with BTC dominance which also has some space to go up. It shall at least retest the high at 65.5% (potential shortened wave 5).
Best regards,
Ivan Skyrexio
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Recently I shared this article about
OTHERS.D where I pointed out that this chart is about to print another one lower low. Now it's happening, but this is wave 5 and now it's time to look for the altcoins bear market bottom.Here we have 4h time frame and the internal structure of the final wave 5. Our main reversal signal can be divergence on Awesome Oscillator, and now it can happen if this drop will be decelerated. Price is inside the large green box - reversal zone. If we will see 3 rising columns on the histogram it's going to be the reveal signal with the yellow Elliott waves structure. This structure can be changed if price continues going down now without pullbacks. In this case I will recalculate waves and may be it will reach 7%. Also it shall match with BTC dominance which also has some space to go up. It shall at least retest the high at 65.5% (potential shortened wave 5).
Best regards,
Ivan Skyrexio
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.