Check my previous charts for waves..... Due to BTC's bullrun, waves retraced a lot further as I expected.
Right now, I'm anticipating a correction in BTC where alts could profit.....
The pattern I'm seeing is more or less the same as last week, just a bit less progressive but the idea is still the same.
On smaller timeframe, waves made a pefect 5-legs up and a deep correction. These 5 waves up formed the first leg in the bigger 5 waves up (ABCDE)
Based on fibonacci, I'm anticipating next top in the target box. From where we can look if a correction follows.
Right now, I'm anticipating a correction in BTC where alts could profit.....
The pattern I'm seeing is more or less the same as last week, just a bit less progressive but the idea is still the same.
On smaller timeframe, waves made a pefect 5-legs up and a deep correction. These 5 waves up formed the first leg in the bigger 5 waves up (ABCDE)
Based on fibonacci, I'm anticipating next top in the target box. From where we can look if a correction follows.
Note
Be carefull and use proper moneymanagement while BTC seems to break out right now.Note
Due to the ongoing bullrun for btc, I've started to look again at some charts for alts.This would be the bearish scenario.
Breaking the blue trendline opens the door to the blue targetzone.
Be carefull, trade what you see not what you think
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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.