Expecting a LL soon, clean expanding leading diagonal for wave 1 that could be a sign of LL in the price action.
almost perfectly touched 0.618, break below 46k will confirm the change in market structure and that could take the price down to 42-40k level to test out 21 and 34 weekly EMA. I see bearish divergence in the volume.
imo wave (b) is completed. we had a nice leading diagonal for wave (a) and now wave (b) have retraced up to 0.618 with a nice zig zag text book perfect!! we still could go as low as 0.786.
I'm paying a very close attention to 94.104 resistance, which looking at it on the monthly time, it's been acting as support and resistance many times. If we break yellow line resistance, next level is the white trend line.
Nice third wave extension, Looks like an ending diagonal expecting a breakout on the lower trend line with a bigger correction, massive bearish divergence.
looking very much like a zig zag, if so i'll be anticipating a break towards LL soon. I will post another update tomorrow.
BTC looking very weak imo, mega daily bullish divergence but still falling. If bitcoin doesn't hold weekly 1.618 FIB-X level, 61.80 support won't hold and i'm afraid the next main support is around 20k, 2017 ATH. Not financial advice, imo btc will remain below ATH this year unfortunately.
Dogecoin almost perfectly touched 78.60 fibs level, most likely the end of correction and we should start seeing impulsive waves. my first TP is around 1,30. Please don't hate me but imo i believe dogecoin will break ATH faster than Bitcoin.
We could get rejected around 61.80 or 78.60 , if not rejected 21 weekly EMA will most likely play as resistance. if we break 21W EMA then i was wrong and the correction is over, But if we get rejected my target is still around the 27k level.
in my opinion Ethereum is getting ready for a big move towards the 10k level. Nice 3 wave correction, i'll be anticipating a impulse move soon.
15 min, Bitcoin is forming a ascending triangle. imo 21 weekly ema will play as resistance once btc meet.
I have sympathy for all my bear friend! how could you say " bitcoin is going down to 10k" when we haven't even started with fifth wave.
imo we could wick down below 61.80 but close a daily candle above 61.80, after that either impulse wave or some side moves & explode.
First time looking at HBAR, its looking like descending broadening wedge, holding on 61.80 & daily bullish divergence. imo looking very interesting.
This down move looks like a 3 wave move, most likely it's a counter trend move and not the trend, just a ABC correction going against the dominant trend. Imo we are going down to 27/25k level and that should be the end of the correction.
XRP is ready for a nice trendy wave, however if we do break to the downside lowest we could go is to the 78.60 fibs level. imo xrp is still cheap.
We could be forming a symmetrical triangle, meaning continuation pattern following the trend. Added the lighter yellow breaking up because we have a bullish divergence on the RSI.
I believe that we are in a large correction. We had a nice rejection of 78.60 for B wave and still anticipating the C wave.